Question
The Phillips curve shows relation between __________
Solution
The Phillips curve is an economic concept developed by A. W. Phillips stating that inflation and unemployment have a stable and inverse relationship . The short-run Phillips curve is roughly L-shaped to reflect the initial inverse relationship between the two variables. The theory claims that with economic growth comes inflation, which in turn should lead to more jobs and less unemployment. The long-run Phillips curve is a vertical line that illustrates that there is no permanent trade-off between inflation and unemployment in the long run. The long-run Phillips curve is vertical at the natural rate of unemployment.
A shopkeeper bought two televisions at a certain amount. He sold the first television at a 30% profit and the second television at a 20% loss. If the se...
Vaibhav went to purchase a tablet, the shopkeeper told him to pay 22% tax if he asked the bill. Vaibhav manages to get the discount of 8% on the actual...
The selling price of y items is equal to the cost price of 540 items. If the profit made is 44%, then find the value of y.
Ankita sold a cycle for Rs. 17,600 after offering a 12% discount, earning a profit of 10%. Determine the profit percentage if no ...
A shopkeeper marked an article P% above its cost price and sold it for Rs. 720 after giving a discount of 25%. If the shopkeeper had a loss of 13% on th...
A shopkeeper bought two articles for Rs. 350 each. If he sold one of them at 40% profit and the other at 40% loss, then find the difference between the ...
The ratio between the cost price of book I and book J is 4:3 respectively. Each of the books was marked 20% above its cost price. If the MRP of book I i...
A shopkeeper purchases 140 kg of sugar at Rs. 55 per kg. He sells a portion of it at a 20% profit and the remaining at a 10% loss. If his total profit i...
A merchant fixed the selling price of his articles at 675 after adding 35% profit to the cost price. As the sale was very low at this price level, he de...
If the Cost price of an item is 6/4 of its selling price, then what will be the loss/profit percentage?