New Enroll here to Join NaBFID Analyst Into Class on May 6

    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.

    Practice Next

    Relevant for Exams: