What is the Phillips curve?
A. a reference to a government economist favoring high taxes
B. a special kind of screw driver that reflects the functioning of the economy
C. a graphic representation of conflict between full employment and inflation
D. a deflationary curve
Answer:C
What is the Phillips curve?
A. a reference to a government economist favoring high taxes B. a special kind of screw driver that reflects the functioning of the economy C. a graphic representation of conflict between full employment and inflation D. a deflationary curve