SSC Economics Sample Paper NCERT Sample Paper-3

  • question_answer
    In economics, Philips curve represents the relationship between

    A)  Inflation and wage rise

    B)  Inflation and unemployment

    C)  Stagflation and deflation

    D)  Demand and supply of goods

    Correct Answer: B

    Solution :

    [b] In economics, the Phillips curve is a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result in an economy. Stated simply, decreased unemployment, (i.e., increased levels of employment) in an economy will correlate with higher rates of inflation.

You need to login to perform this action.
You will be redirected in 3 sec spinner