Economics (AS & A Level) · Oct / Nov 2021 · Paper 33 · Question 29

The table gives an economy's unemployment rate and inflation rate for a five-year period. | year | unemployment rate % | inflation rate % | |---|---|---| | 2010 | 7.6 | 2.6 | | 2011 | 6.2 | 1.6 | | 2012 | 5.8 | 1.8 | | 2013 | 5.9 | 2.0 | | 2014 | 5.8 | 2.0 | Which change between consecutive years was in agreement with the Phillips curve analysis?

1. A2010–2011
2. B2011–2012
3. C2012–2013
4. D2013–2014

As printed in the paper