Economics 9708 · AS & A Level · Market failure

Market failure — practice question

The table presents unemployment and inflation rate data for four countries in 2010 and 2014. Which countries showed a typical Phillips curve?

  • AAustralia and Japan
  • BAustralia only
  • CJapan only
  • DCanada and the United States

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI