The short-run Phillips curve shows a
A. positive relationship between the quantity of money and interest rates.
B. positive relationship between the price level and real GDP.
C. negative relationship between interest rates and the price level.
D. negative relationship between the unemployment rate and the inflation rate.
Answer:D
The short-run Phillips curve shows a
A. positive relationship between the quantity of money and interest rates. B. positive relationship between the price level and real GDP. C. negative relationship between interest rates and the price level. D. negative relationship between the unemployment rate and the inflation rate.