20 Rate of Increase in the Price Level (%%) 8 00:35:58 2 3 4 5 6 8 Unemployment Rate (%%) Refer to the figure above. Which of the following statements best describes the relationship portrayed by this curve? Multiple Choice O The demand for labour is low when the unemployment rate is low. O The rate of increase in the price level and the unemployment rate are inversely related. O The inflation rate is high when the unemployment rate is high. O The rate of increase in the price level and the unemployment rate are directly related. O The demand for labour is high when the inflation rate is low