If policymakers using the Phillips curve and they wished to decrease inflation to near zero, they would: accept increased unemployment and promote policies to enhance productivity to offset wage increases.
The Phillips wind is an profitable proposition that inflation and unemployment have a stable and inverse relationship. Developed by William Phillips, it claims that with profitable growth comes inflation, which in turn should lead to further jobs and lower unemployment.
The Phillips curve, which basically suggests there's in inverse relationship between unemployment and inflation, has come abnormally perpendicular in recent times. The steepness suggests inflation should stay stable to around current rates of unemployment.
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