alleryMatch Phillips path: 1. Curve: p. Phillips 2. Jobless: q. Falls 3. Price: r. Rises
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
In demand-pull inflation, as real GDP expands and unemployment drops, the economy moves along the Phillips curve with rising inflation.
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