Question:medium

Which of the following is NOT correct in respect of Phillips Curve?

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Logic Tip: Phillips Curve explains the trade-off between inflation and unemployment.

Updated On: May 29, 2026

It describes inverse relationship between inflation and unemployment
A.W. Phillips first put this theory in 1985
Phillips observed that price stability has trade off against unemployment
If unemployment decreases, inflation increases and vice versa

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The Correct Option is B

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