New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The Phillips curve shows the trade-off between

    ----- and -----?
    A Inflation and interest rates Correct Answer Incorrect Answer
    B Inflation and unemployment rate Correct Answer Incorrect Answer
    C Interest rate and output Correct Answer Incorrect Answer
    D Inflation and output Correct Answer Incorrect Answer
    E Output and employment Correct Answer Incorrect Answer

    Solution

    The Phillips curve shows the trade-off between inflation and unemployment rates.

    Practice Next