Question:medium

Which of the following represents the inverse relationship between the rate of unemployment and the rate of increase in money wages?

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Phillips Curve: Lower unemployment → higher wage inflation, and vice versa.
Updated On: Feb 18, 2026
  • IS curve
  • Phillips Curve
  • LM curve
  • Indifference curve
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The Correct Option is B

Solution and Explanation

Step 1: Review macroeconomic curves.
- The Phillips Curve illustrates the inverse correlation between wage inflation and unemployment.
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