The short-run Phillips curve shows the ________ relationship between ________.
A. negative; unemployment and real GDP
B. positive; unemployment and real GDP
C. negative; inflation and unemployment
D. positive; real GDP and inflation
Answer:C
The short-run Phillips curve shows the ________ relationship between ________.
A. negative; unemployment and real GDP B. positive; unemployment and real GDP C. negative; inflation and unemployment D. positive; real GDP and inflation