Phillips curve is used to show the relation between which of following variables?a)Taxes and Inflationb)Employment and Inflationc)GDP Growth and Inflationd)Unemployment and Inflatione)None of the AboveCorrect answer is option 'D'. Can you explain this answer?

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Phillips curve is used to show the relation between which of following variables?

a)
Taxes and Inflation
b)
Employment and Inflation
c)
GDP Growth and Inflation
d)
Unemployment and Inflation
e)
None of the Above

Correct answer is option 'D'. Can you explain this answer?

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Most Upvoted Answer

Phillips curve is used to show the relation between which of followin...

The correct answer is Unemployment and Inflation.

Key Points:

Phillips curve shows the relation between unemployment and Inflation.
The Phillips curve is an economic concept developed by A. W. Phillips.
It states that inflation and unemployment have a stable and inverse relationship.
The theory claims that economic growth comes inflation, which in turn should lead to more jobs and less unemployment.
It simply states that decreased unemployment, (i.e., increased levels of employment) in an economy will correlate with higher rates of wage rises.

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Phillips curve is used to show the relation between which of following variables?a)Taxes and Inflationb)Employment and Inflationc)GDP Growth and Inflationd)Unemployment and Inflatione)None of the AboveCorrect answer is option 'D'. Can you explain this answer?

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