One way in which the Phillips curve is misinterpreted is to think of it as Answer a.

One way in which the Phillips curve is misinterpreted is to think of it as Answer a.a model of economic activity that explains changes in unemployment and inflation by changes in aggregate demand.b.a statistical relationship between inflation and unemployment.c.depicting a number of alternative equilibrium points the economy could achieve.d.All of the above..Question 50 As a generalization, it can be said that Answer a.neither aggregate demand nor aggregate supply curve shifts to the right each year.b.aggregate supply shifts to the right every year, but aggregate demand rarely does.c.aggregate demand shifts to the right every year, but aggregate supply rarely does.d.both aggregate demand and aggregate supply shift to the right each year.One way in which the Phillips curve is misinterpreted is to think of it as Answer a. a model of economic activity that explains changes in unemployment and inflation by changes in aggregate…