Economics · Macroeconomics (Phillips Curve)
The original Phillips Curve (1958) showed an inverse relationship between which two variables?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Unemployment rate and real output
- 2Inflation rate and interest rate
- 3Rate of change of money wages and unemployment rate✓
- 4Inflation rate and GDP growth
Correct answer
Rate of change of money wages and unemployment rate
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