18. Phillips curve explains the relationship between

Rates of taxation and the resulting levels of Government revenue

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Relation between rates of unemployment and corresponding rates of inflation.

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Deviation of Distribution of income among individuals or households within an economy

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Graph depicting the relationship between the price of a certain commodity and the amount of it that consumers are willing and able to purchase at that given price.

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Solution

The correct option is B Relation between rates of unemployment and corresponding rates of inflation.
The Phillips curve describes a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result within an economy.

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Similar questions

Q. The Phillips curve states that inflation and unemployment have a/an relationship.

Q. Which of the following pairs is/ are correctly matched?

Theory	Description
1. Phillips Curve	Inverse relationship between inflation and unemployment rate
2. Engel Curve	Negative relationship between price and demand
3. Lorenz Curve	Positive relationship between tax rate and tax revenue

Select the correct answer using the codes given below:

निम्नलिखित युग्मों में से कौन सा/से सही सुमेलित है / हैं?

नीचे दिए गए कूट का उपयोग करके सही उत्तर चुनें:

Q41.Consider the following statements:

1. Phillips Curve is representation of the relationship between tax rates and tax revenue collected by governments.

2. Laffer curve is a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result within an economy

Which of the above statement(s) is/are correct?

Q. Phillips curve is a measure of

Explain the relationship between AC and MC. Can the AC curve fall when MC curve is rising? Explain it with the help of diagram.

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18. Phillips curve explains the relationship between

The correct option is B Relation between rates of unemployment and corresponding rates of inflation.The Phillips curve describes a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result within an economy.

The correct option is B Relation between rates of unemployment and corresponding rates of inflation.
The Phillips curve describes a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result within an economy.