📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    ⚡ Month End Offer - Flat 52% Off On All Courses! Enroll Now ⚡
    00:00:00 AM Left

    Question

    Which of the following statements is incorrect

    regarding Phillips’s curve?
    A High inflation and high unemployment are because of recession/depression Correct Answer Incorrect Answer
    B As per Friedman, there is no relation between unemployment and inflation in the long-run Correct Answer Incorrect Answer
    C It depicts relationship between inflation rate and unemployment rate Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer
    E All of these Correct Answer Incorrect Answer

    Solution

    High inflation and high unemployment are because of stagflation

    Practice Next
    More Research Questions
    ask-question