Railways Sample Paper RRBs Assistant Loco Pilot and Technician CBT STAGE-I Sample Paper-29

  • question_answer
    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: C

    Solution :

    The Phillip's curve is an economic concept developed by AW Phillips showing that inflation and unemployment have a stable and inverse relationship.


You need to login to perform this action.
You will be redirected in 3 sec spinner