3684EconomicsMedium
Along a short-run Phillips curve,?
Aa higher rate of growth in output is associated with a lower unemployment rate
Ba higher rate of inflation is associated with a lower unemployment rate
Ca higher rate of growth in output is associated with a higher unemployment rate.
Da higher rate of inflation is associated with a higher unemployment rate
Correct answer
B. a higher rate of inflation is associated with a lower unemployment rate
Explanation
The correct answer is a higher rate of inflation is associated with a lower unemployment rate.