The Phillips curve shows the relationship between inflation and what ........

Finance Inflation Trends

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The Phillips curve shows the relationship between inflation and what?

The balance of trade

The rate of growth in an economy

The rate of price increases

Unemployment

Explanation:

When the price of oil from abroad declines, the short run Phillips Curve shifts to the left. Aggregate supply increases cause a leftward shift in the Phillips Curve. ... Increases in aggregate supply like these will shift the short run Phillips Curve to the left so that less inflation is seen at each unemployment rate.