Question

Philips Curve was given by _______.

A H.W Philips Correct Answer Incorrect Answer
B A.W Philips Correct Answer Incorrect Answer
C W.A Philips Correct Answer Incorrect Answer
D H. A Philips Correct Answer Incorrect Answer

Solution

The Phillips curve is an economic theory developed by William Phillips (A. W. Phillips). The theory states that inflation and unemployment have a stable and inverse relationship. The Phillips curve is named after the economist who examined unemployment and wages in the United Kingdom from 1861-1957.

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