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The Phillip’s curve is the schedule showing the relationship between
  • a)
    aggregate supply and demand    
  • b)
    total saving and investment    
  • c)
    the rate of unemployment and rate of inflation
  • d)
    demand for and supply of loanable funds
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The Phillip’s curve is the schedule showing the relationship bet...
The Philips curve shows an inverse relationship between inflation and unemployment rate. It resembles the graph of 1/x function.
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Community Answer
The Phillip’s curve is the schedule showing the relationship bet...
Phillips curve: A graph that shows the inverse relationship between the rate of unemployment and the rate of inflation in an economy. aggregate demand: The the total demand for final goods and services in the economy at a given time and price level.
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The Phillip’s curve is the schedule showing the relationship betweena)aggregate supply and demand b)total saving and investment c)the rate of unemployment and rate of inflationd)demand for and supply of loanable fundsCorrect answer is option 'C'. Can you explain this answer?
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The Phillip’s curve is the schedule showing the relationship betweena)aggregate supply and demand b)total saving and investment c)the rate of unemployment and rate of inflationd)demand for and supply of loanable fundsCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The Phillip’s curve is the schedule showing the relationship betweena)aggregate supply and demand b)total saving and investment c)the rate of unemployment and rate of inflationd)demand for and supply of loanable fundsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Phillip’s curve is the schedule showing the relationship betweena)aggregate supply and demand b)total saving and investment c)the rate of unemployment and rate of inflationd)demand for and supply of loanable fundsCorrect answer is option 'C'. Can you explain this answer?.
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