Which of the following statements about the short-run Phillips curve is true?

Question

Answer

The Philips curve is a horizontal line, indicating that there is a perfect inverse relationship between inflation and unemployment.

Answer

The Philips curve is a vertical line, indicating that there is no relationship between inflation and unemployment.

Answer

The Philips curve shows a positive relationship between inflation and unemployment.

Answer

The Philips curve shows a negative relationship between inflation and unemployment.

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