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Economics (AS & A Level) · Oct / Nov 2025 · Paper 34 · Question 21

9708Links between macroeconomic problems and their interrelatedness

What does the Phillips curve show?

  1. Athe relationship between economic growth and employment
  2. Bthe relationship between inequality and income per capita
  3. Cthe relationship between inflation and unemployment
  4. Dthe relationship between prices and national income

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Correct answer: C. the relationship between inflation and unemployment

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