Question:medium
The Phillips curve is the schedule showing the relationship between ?
The Phillips curve is the schedule showing the relationship between ?
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Phillips Curve = Inverse relation between inflation and unemployment.
Updated On: Jul 16, 2026
- Aggregate supply and demand
- Total saving and investment
- The rate of unemployment and rate of inflation
- Demand for and supply of loanable funds
Show Solution
The Correct Option is C
Solution and Explanation
- Aggregate supply and demand: shown by the AS-AD framework, not the Phillips curve.
- Total saving and investment: belongs to income-equilibrium analysis, a different topic.
- The rate of unemployment and rate of inflation: exactly the trade-off the Phillips curve plots — lower unemployment tends to accompany higher inflation.
- Demand for and supply of loanable funds: this defines the loanable funds theory of interest, unrelated here.
The correct answer is The rate of unemployment and rate of inflation.
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