The Phillips Curve and Macroeconomics Quiz
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Questions and Answers

Who discovered the negative relation between inflation and unemployment?

A.W. Phillips

What did Paul Samuelson and Robert Solow label this relation?

The Phillips curve

What is the name of the chapter in the textbook?

The Phillips Curve, the Natural Rate of Unemployment, and Inflation

What is the relationship between inflation and unemployment according to the Phillips curve?

<p>When one increases, the other decreases and vice versa</p> Signup and view all the answers

When was the Phillips curve discovered?

<p>1958</p> Signup and view all the answers

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