Economics 9708 · AS & A Level · Price stability and inflation

Price stability and inflation — practice question

Which labels are shown on the axes of a Phillips curve diagram?

  • Avertical axis: inflation rate / horizontal axis: unemployment level
  • Bvertical axis: inflation rate / horizontal axis: unemployment rate
  • Cvertical axis: price level / horizontal axis: unemployment level
  • Dvertical axis: price level / horizontal axis: unemployment rate

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