Question
Which of the following statements about the “Phillips
Curve” is correct? I. The Phillips curve is an economic theory that inflation and employment have a stable and inverse relationship. II. it claims that with economic growth comes inflation, which in turn should lead to more jobs and less unemployment.Solution
The Phillips curve is an economic theory that inflation and unemployment have a stable and inverse relationship. Developed by William Phillips, it claims that with economic growth comes inflation, which in turn should lead to more jobs and less unemployment.
What is the range of Pralay, India’s first quasi-ballistic missile?
India’s first dedicated space for writers and artists, “Writers’ Village,” is located in which state?
What does the term ‘Vithoot’ mean in Kerala’s afforestation programme?
How much revenue did Madhya Pradesh’s excise department earn from liquor sales in 2023?
What percentage of gross borrowings is expected to finance the fiscal deficit of Indian states in FY25, according to the NSE report?
Which rocket was successfully launched by Europe after a four-year delay?
Union Minister Dr Jitendra Singh launched two AI-powered weather forecasting systems developed by IMD in collaboration with which two institutions?
What is the total amount currently held in District Mineral Foundations (DMFs) across Aspirational Districts?
Under the NST Rules, 2026, the Chairperson of the National Sports Tribunal shall hold office for a term of five years or till he attains which age, whic...
Who has become India's No. 1 chess player?
Relevant for Exams:
