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

External Sector Overview

Revision Notes

Migration, Urbanization, and Economic Development

Revision Notes

Budget Process and Key Terminology

Revision Notes

Gig Workers and Social Security Frameworks

Revision Notes

Social Sector Reforms: Health and Education

Revision Notes

National Infrastructure Pipeline (NIP)

Revision Notes

NABARD’s Role in Rural Development

Revision Notes

Urban Cooperative Banks and Microfinance

Revision Notes

Agriculture in India

Revision Notes

Skill Development Missions

Revision Notes