Economics Question: How does the Phillips Curve illustrate the tradeoff between inflation and unemployment, and what factors can shift this curve? A The Phillips Curve shows an inverse relationship between inflation and unemployment, and it is unaffected by external factors. B The Phillips Curve demonstrates a direct relationship between inflation and unemployment, and it is static. C The Phillips Curve depicts a tradeoff between inflation and unemployment, and factors like supply shocks can shift it D The Phillips Curve shows a positive correlation between inflation and unemployment, which remains constant.

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