Ask Question
BusinessBusiness
4 October, 17:29

A short-run phillips curve shows an inverse relationship between

+2
Answers (1)
  1. 4 October, 19:45
    0
    Answer: unemployment rate and the inflation rate.

    Explanation:

    The Phillips curve shows the relationship that exists between inflation and unemployment rates. The short-run Phillips curve looks like an L-shape and it reflects the inverse relationship between the two variables i. e unemployment and inflation.

    As unemployment rates rises, inflation reduces and as unemployment rates reduces, inflation increases. A reduction in the aggregate supply will lead to a rightward shift the short run Phillips Curve.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A short-run phillips curve shows an inverse relationship between ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The following costs were incurred in September: Direct materials $40,100 Direct labor $29,700 Manufacturing overhead $21,200 Selling expenses $25,600 Administrative expenses $32,100 Conversion costs during the month totaled: a.$148,700 b.$69,800 c.
Answers (1)
Describe the following influences on our food choices and provide an example of product marketing
Answers (1)
When using normal costing, the total production cost of a job is composed of: (A) direct material and direct labor. (B) direct material, direct labor, manufacturing overhead, and outlays for selling costs.
Answers (2)
The present value of an annuity falls when interest rates rise
Answers (1)
Commercial Paper securities A) are issued only by the largest and most creditworthy corporations, as they are unsecured. B) carry an interest rate that varies according to the firm's level of risk. C.
Answers (1)
New Questions in Business
Quarrels among business associates have become common. The associates quarrel over what products the firm should sell, division of authority, selection of personnel, whether to bring family members into the business, whether to expand, and who is
Answers (1)
Kroger Supermarkets changes its ads constantly to describe new products it has for sale and different price specials it offers.
Answers (1)
Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 271,240 Aug. 31 Goods finished 190,490 31 Direct materials X 31 Direct labor 32,700 31 Factory overhead X Factory Overhead Aug. 1 - 31 Costs incurred 112,690 Aug.
Answers (1)
Which of the following is true of customers who are regarded as ""promoters"" based on the net promoter score associated with these customers? A. They spread negative comments about the organization. B. They usually defect at higher rates. C.
Answers (1)
Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their partnership. Prior to realization, their capital balances are $36,000 and $24,000, respectively.
Answers (1)
Home » Business » A short-run phillips curve shows an inverse relationship between
Sign Up Forgot Password?