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Question Bank - Economics

Unemployment and Inflation: Phillips curve

Q1. The Phillips curve shows that the rate of inflation and the rate of unemployment are

(Select one answer)

(a) * negatively related
(b) * linearly related
(c) * positively related
(d) * independent of each other

Source: McGraw Hill logo

Q2. If inflationary expectations increase, the Phillips curve will

(Select one answer)

(a) * shift to the right.
(b) * shift to the left.
(c) * become vertical.
(d) * become upward sloping.

Source: Pearson logo

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