The negative relationship between the gap between actual GDP and its trend value and the difference between actual unemployment rate and its equilibrium value is called
A. The Aggregate Supply Curve
B. The Phillips Curve
C. The Natural Rate of Unemployment Hypothesis
D. Okun’s Law
Answer:D
The negative relationship between the gap between actual GDP and its trend value and the difference between actual unemployment rate and its equilibrium value is called
A. The Aggregate Supply Curve B. The Phillips Curve C. The Natural Rate of Unemployment Hypothesis D. Okun’s Law