Multiple Choice Questions on The Phillips Curve is a graphical depiction of the ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

The Phillips Curve is a graphical depiction of the ........

Economics- Phase (I & II) Inflation and Phillips Curve 
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    The Phillips Curve is a graphical depiction of the

    positive relationship between inflation and output.

    Incorrect Answer

    negative relationship between inflation and the CPI.

    Incorrect Answer

    negative relationship between inflation and unemployment

    Correct Answer

    negative relationship between unemployment and output.

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    The Phillips Curve is a graphical depiction of the negative relationship between inflation and unemployment. This is true by definition.

    By: Jyoti Das
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