Ask Question
21 February, 22:56

A short-run Phillips curve shows an inverse relationship between interest rates and borrowing A. inflation and unemployment B. income and consumption C. prices and quantity demanded D. inputs and outputs

+2
Answers (1)
  1. 21 February, 22:59
    0
    Inflation and unemployment.

    Explanation:

    Philips curve represents the trade off between inflation and the unemployment.

    It shows that there is an inverse relationship between the inflation and the unemployment. This means that if a nation wants to reduce the unemployment then it have to accept the higher rate of inflation and on the other hand, if a nation wants to lower down inflation then it have to accept higher rate of unemployment.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A short-run Phillips curve shows an inverse relationship between interest rates and borrowing A. inflation and unemployment B. income and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers