Question:
Which of the following represents the inverse relationship between the rate of unemployment and the rate of increase in money wages?
Which of the following represents the inverse relationship between the rate of unemployment and the rate of increase in money wages?
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Phillips Curve: Lower unemployment → higher wage inflation, and vice versa.
Updated On: Jan 17, 2026
- IS curve
- Phillips Curve
- LM curve
- Indifference curve
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The Correct Option is B
Solution and Explanation
Step 1: Recall macroeconomic curves.
- Phillips Curve shows the inverse relationship between wage inflation and unemployment
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