UPSC CAPF Assistant Commandant Model Paper 1

Question : 103 of 125

Marks: +1, -0

Which statement is the best related to the concept of “Philips curve”?

It describes the stable and inverse relationship between inflation and unemployment
It states the inverse relationship between income tax rates and revenue generated
It describes the stable and direct relationship between inflation and unemployment.
It states the direct relationship between hunger and poverty

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