Which of the following statements accurately reflect the implications of the Phillips Curve in macroeconomic policy? Select all that apply.

The Phillips Curve shows the relationship between inflation and unemployment, suggesting that when unemployment is low, inflation tends to be high, and vice versa. This means that if a government wants to reduce unemployment by stimulating the economy, it might lead to higher inflation. For example, if a country invests in new jobs and infrastructure, people will have more money to spend, which can drive prices up. However, policymakers must be careful because too much inflation can harm the economy in the long run. So, understanding the Phillips Curve helps leaders make better decisions about balancing job growth and keeping prices stable.