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Economics (AS & A Level) · Oct / Nov 2023 · Paper 33 · Question 22

9708Links between macroeconomic problems and their interrelatedness

What is measured on the vertical axis of the Phillips curve?

  1. Athe rate of change of real wages
  2. Bthe rate of change of take-home pay
  3. Cthe rate of inflation
  4. Dthe rate of interest

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Correct answer: C. the rate of inflation

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