Question
Consider the following statements about the Phillips
Curve: 1. The Phillips Curve shows an inverse relationship between inflation and unemployment. 2. In the long run, the Phillips Curve becomes a vertical line. 3. It is a universally accepted theory without exceptions. Which of the above statements are correct?Solution
The Phillips Curve illustrates an inverse relationship between inflation and unemployment (statement 1). In the long run, it becomes vertical as inflation expectations adjust (statement 2). It has exceptions, such as stagflation, where both inflation and unemployment rise (statement 3 is incorrect).
Which is the highest mountain peak in Himachal Pradesh?
The forces that work on the surface of the earth are known as which of the following?
The World Food Program (WFP) is the food assistance branch of the United Nations. Where is it headquartered?
Which company launched the first multi-brand co-branded credit card in India, partnering with RuPay and Yes Bank?
Mahatma Gandhi Sarbat Vikas Yojna was recently launched in the state of
Who is known as the "Liberator of Indian Press"?
The ______ Schedule to the Constitution of India defines and specifies allocation of powers and functions between Union & States.
Loan repayment by instalment payments is called as -
Which of the following statements is correct
A. ADRs/GDRs are considered to be part of FDI, therefore need to conform to the FDI policy
<...Numaligarh Refinery Limited (NRL) is a subsidiary of which company?
Relevant for Exams:
