Ask Question
8 October, 00:34

According to the neoclassical view, the phillips curve is

+5
Answers (1)
  1. 8 October, 03:39
    0
    I believe the answer is: Vertical

    Philip curves would be vertical when the market is having a natural rate of employment and this rate of employment wouldn't be affected by the inflation. Neoclassical view would believe that even under inflation, the average supply and demand would still move toward equilibrium, so the employment rate shouldn't be affected as much.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “According to the neoclassical view, the phillips curve is ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers