Question Details

Detailed explanation and options for the selected question.

What does the “Phillips Curve” show?

A. Relationship between inflation and unemployment
B. Relationship between demand and supply
C. Relationship between interest rates and GDP
D. Relationship between exports and imports

Explanation:

The Phillips Curve illustrates an inverse relationship between inflation and unemployment. The other options describe unrelated economic concepts.

Related Topics

Climate Change: Challenges and Strategies

Revision Notes

Money Market and Capital Market

Revision Notes

Budget Process and Key Terminology

Revision Notes

Infrastructure Financing Mechanisms

Revision Notes

Inflation and Price Stability

Revision Notes

World Trade Organization and Global Trade Regimes

Revision Notes

Aspirational Districts Programme (ADP)

Revision Notes

Industrial Policy and Growth

Revision Notes

Corporate Bond Market Development

Revision Notes

Agricultural Reforms and Future Roadmap

Revision Notes