Introduction to Economics 1 Deneme Sınavı Sorusu #1090560

What is the trade-off between inflation and unemployment?


Opportunity cost

Phillips curve

Taylor rule

Inflation rate

Externality


Yanıt Açıklaması:

Cutting money supply to reduce inflation is often thought to raise unemployment. This tradeoff between inflation and unemployment is sometimes illustrated by a curve called the Phillips curve.

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