Question : Which curve shows the inverse relationship between unemployment and inflation rates?
Option 1: Supply curve
Option 2: Indifference curve
Option 3: IS curve
Option 4: Phillips curve
Latest: SSC CGL 2024 final Result Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: Phillips curve
Solution : The correct answer is the Phillips curve.
Inflation and unemployment are inversely related, according to the Phillips curve. Both lower unemployment and higher inflation are related to each other. It is a visual depiction of how unemployment and inflation interact in an economy over the short term.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : Lorenz curve shows:
Option 1: Inflation
Option 2: Unemployment
Option 3: Income distribution
Option 4: Poverty
Question : Stagflation refers to a situation which is characterised by
Option 1: Stagnant employment and deflation
Option 2: deflation and rising unemployment
Option 3: inflation and rising employment
Option 4: inflation and rising unemployment
Question : Which of the following is represented by "The Lorenz Curve"?
Option 1: Employment
Option 2: Inflation
Option 3: Deflation
Option 4: Income Distribution
Question : Which one of the following is also regarded as disguised unemployment?
Option 1: Under employment
Option 2: Frictional unemployment
Option 3: Seasonal unemployment
Option 4: Cyclical unemployment
Question : Backward-bending supply curve belongs to which market?
Option 1: Capital
Option 2: Labour
Option 3: Money
Option 4: Inventories
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile