Business Studies, asked by huzaifaashfaq4, 11 months ago

how are inflation and unemployment related in the short run ?​

Answers

Answered by prabhhere
1

Answer:

The Phillips curve shows the relationship between inflation and unemployment. 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.

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