New Enroll in RBI Gr B 2025 Exclusive New Batch on March 18

    Question

    Philips Curve is a graphic curve advocating a

    relationship between which factors?
    A Inflation and Employment Correct Answer Incorrect Answer
    B Inflation and Unemployment Correct Answer Incorrect Answer
    C Industrial Growth and Employment Correct Answer Incorrect Answer
    D Economic Growth and Inflation Correct Answer Incorrect Answer
    E Economic Growth and Employment Correct Answer Incorrect Answer

    Solution

    The Phillips curve is an economic concept developed by A. W. Phillips showing that inflation and unemployment have a stable and inverse relationship. The theory states that with economic growth comes inflation, which in turn should lead to more jobs and less unemployment.

    Practice Next