Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
Sagot :
A movement along the Philips curve shows that the unemployment rate and inflation rate are inversely related
What is the relationship between inflation and unemployment shown by the Phillips curve?
According to the Phillips curve, there is an inverse link between unemployment and inflation. Lower unemployment is linked to higher inflation, and the opposite is true. In the 20th century, the Phillips curve served as a conceptual framework for macroeconomic policy, but the stagflation of the 1970s called into question its validity.
What does the Phillips curve graph show?
A graphic depiction of the economic link between the rate of unemployment (or the rate of change in unemployment) and the rate of change in money earnings is the Phillips curve. Named after economist A. William Phillips, it suggests that when unemployment is low, salaries tend to increase more quickly.
To know more about Phillips curve graph visit:
https://brainly.com/question/23000639
#SPJ4
Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.
