Which of the following about the Phillips curve is not correct?
A) It shows the relation between GDP growth and unemployment.
B) It has been redefined as a relation between the change in the rate of inflation and the unemployment rate.
C) It was first explored by A. W. Phillips.
D) The curve is downward sloping.
Question 2
The Phillips curve describes the relationship between
A) output growth and unemployment.
B) inflation and output growth.
C) output growth and money supply.
D) inflation and unemployment .
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