The traditional Phillips curve suggests a conflict or tradeoff between

A) price level stability and income equality.
B) the level of unemployment and price level stability.
C) unemployment and income equality.
D) economic growth and full employment.

According to the traditional Phillips curve, there is a tradeoff between the level of unemployment and price level stability. As unemployment decreases, inflation tends to increase due to higher demand for goods and services and the resulting upward pressure on prices. Conversely, as unemployment increases, inflation tends to decrease due to lower demand for goods and services and the resulting downward pressure on prices. This relationship suggests that policymakers must choose between the goal of achieving full employment and the goal of maintaining price stability.