Phillips curves show the relationship between the
A. nominal interest rate and the real interest rate.
B. expected rate of inflation and the nominal interest rate.
C. real interest rate and the unemployment rate.
D. unemployment rate and the inflation rate.
Answer:D
Phillips curves show the relationship between the
A. nominal interest rate and the real interest rate. B. expected rate of inflation and the nominal interest rate. C. real interest rate and the unemployment rate. D. unemployment rate and the inflation rate.