A Phillips curve is
A) the correlation between money growth and the inflation rate.
B) the negative correlation between the unemployment rate and the vacancy rate.
C) the positive observed correlation between the inflation rate and the nominal interest rate.
D) an observed positive correlation between the inflation rate and some measure of aggregate economic activity.
D
Economics
You might also like to view...
During the 1990s, which of the following experienced the slowest rate of growth in real GDP per person?
A) Japan B) The big 4 nations of Europe C) United States D) Canada
Economics
Refer to Figure 2-1. Point B is
A) technically efficient. B) unattainable with current resources. C) inefficient in that not all resources are being used. D) the equilibrium output combination.
Economics