Question

Match List-I with List-II :

List-I		List-II
(A)	Phillips curve	(I)	Consumption per capita maximum at steady state
(B)	Vertical AS curve	(II)	Debt financing by bond issues merely postpones taxation
(C)	Golden rule level of savings	(III)	Trade-off between inflation and unemployment
(D)	Ricardian equivalence	(IV)	No long-run trade-off between inflation and unemployment

Choose the correct answer from the options given below:

• A. (A)-(II); (B)-(I); (C)-(IV); (D)-(III)
• B. (A)-(III); (B)-(IV); (C)-(I); (D)-(II)
• C. (A)-(IV); (B)-(III); (C)-(I); (D)-(II)
• D. (A)-(III); (B)-(IV); (C)-(II); (D)-(I)

Answer 1

The Correct Option is B

The correct answer is (B) : (A)-(III); (B)-(IV); (C)-(I); (D)-(II)