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2 years ago

Relationship between short and long run in Philips curve

Business

1 answer:

saw5 [17]2 years ago

4 0

Answer:

In the short-run, inflation and unemployment are inversely related; as one quantity increases, the other decreases. In the long-run, there is no trade-off. In the 1960's, economists believed that the short-run Phillips curve was stable.

Explanation:

https://courses.lumenlearning.com/boundless-economics/chapter/the-relationship-between-inflation-and-unemployment/

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Answer:

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hram777 [196]

Answer:

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Explanation:

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Assoli18 [71]

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