The following attached image is indicative of a Phillips Curve. See the definition of a Phillips Curve below.
What is a Phillips Curve?
In the parlance of economics, a Philips curve is the name given to a graph that depicts the relationship between:
- Inflation; and
- Unemployment.
The Y-axis holds and depicts the inflation rate while:
The X-axis depicts the rate of unemployment.
Learn more about Phillips Curve at:
https://brainly.com/question/4486587
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