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Card 1 of 26

What do the axes show on a traditional Phillips curve?

A

Inflation is on the horizontal axis; unemployment is on the vertical axis.

B

Unemployment is on the horizontal axis; inflation is on the vertical axis.

C

Economic growth is on the horizontal axis; inflation is on the vertical axis.

D

Unemployment is on the vertical axis; economic growth is on the horizontal axis.

Card 1 of 26

10.2.5 relationship between inflation and unemployment Flashcards

  1. Intl A Level
  2. /Economics
  3. /10.2.5 relationship between inflation and unemployment

26 flashcards on CIE Intl A Level Economics 10.2.5 relationship between inflation and unemployment: the key terms and definitions you need to recall.

Flashcards