The Phillips curve exhibits A. the situation where cyclical unemployment becomes zero. B. the relationship between the unemployment and the inflation rates. C. the direct relationship between the unemployment and the inflation rates. D. the inverse relationship between the actual and the natural rate of unemployment.

B) The relationship between the unemployment and the inflation rates

Explanation:

the correct answer is the option B: the relationship between the unemployment and the inflation rates.

Explanation:

To begin with, the ''Phillips Curve'' is the name given to a single-equation economic model that was created by the economist William Phillips that was studied later by Milton Friedman and Edmund Phelps noticed in Phillips' statical findings that indeed existed an inverse relationship between the rates of unemployment and the rates of the inflation that occurs at the short run only due to the fact that at the long run inflationary policies would not decrease unemployment.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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