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    Question

    The Phillips curve, while historically indicative of an

    inverse relationship A. between inflation and unemployment B., has been subject of the critique of the natural rate hypothesis C., challenging the sustainability of trade-offs D. between these two macroeconomic variables on the long run E. Given below is a sentence divided into five parts. One of the parts is emboldened and the part is erroneous i.e it contains a grammatical error. You need to find one more part from the options given below that contains the error.
    A The Phillips curve, while historically indicative of an inverse relationship Correct Answer Incorrect Answer
    B between inflation and unemployment Correct Answer Incorrect Answer
    C has been subject of the critique of the natural rate hypothesis, Correct Answer Incorrect Answer
    D challenging the sustainability of trade-offs Correct Answer Incorrect Answer
    E All are correct Correct Answer Incorrect Answer

    Solution

    ‘Subject of’ should be replaced with ‘subject to’ that means ‘being affected by something or influenced by something’. In ‘subject of’ the subject refers to a topic or subject of discussion. In the emboldened part ‘on the long run’ is a phrase that has been used incorrectly. It should be ‘in the long run’ that means ‘eventually’ or ‘following a long course of time’.

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