Question : Which curve shows the inverse relationship between unemployment and inflation rates?
Option 1: Supply curve
Option 2: Indifference curve
Option 3: IS curve
Option 4: Phillips curve
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Correct Answer: Phillips curve
Solution : The correct answer is the Phillips curve .
Inflation and unemployment are inversely related, according to the Phillips curve. Both lower unemployment and higher inflation are related to each other. It is a visual depiction of how unemployment and inflation interact in an economy over the short term.
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