2234EconomicsMedium
The view of the Phillips curve that prevailed in the 1960s implied that policies that?
Alower inflation rate will tend to raise the unemployment rate
Blower unemployment rate will tend to raise the inflation rate
Clower unemployment rate will tend to lower the inflation rate
Draise inflation rate will tend to raise the unemployment rate
Correct answer
B. lower unemployment rate will tend to raise the inflation rate
Explanation
The correct answer is lower unemployment rate will tend to raise the inflation rate.