The graph below depicts a Phillips Curve. Phillips Curve Inflation Rate A B Phillips Curve Unemployment Rate a. Movement from Point A to Point B will result in Ĵ O an increase in both unemployment and Inflation. a decrease in both unemployment and Inflation. an increase in unemployment, but a decrease in inflation. O a decrease in unemployment, but an increase in inflation. b. The Phillips Curve shows O a positive correlation between the Inflation rate and unemployment rate. a negative correlation between the Inflation rate and unemployment rate. O the Inflation rate and unemployment rate are independent. c. Stagflation (Click to select) (Click to select) is most likely represented by Point A. is most likely represented by Point B. is a shift inward, toward the origin, of the Phillips Curve. refutes the negative correlation between the unemployment rate and inflation rate and cannot be seen on the Phillips Curve.