Relationship between unemployment and inflation

Reference no: EM133710448

Suppose in an economy, the aggregate supply curve shifts to the left, but the aggregate demand curve does not shift. The Philips curve would then show a negative relationship between inflation and unemployment a constant trade-off between inflation and unemployment no particular relationship between unemployment and inflation positive relationship between unemployment and inflation

Reference no: EM133710448

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Relationship between unemployment and inflation : Relationship between inflation and unemployment a constant trade-off between inflation and unemployment no particular relationship between unemployment

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