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Questions › CUET-PG › CUET-PG 2026 › Q68
4 marks, −1Macroeconomics › Inflation, unemployment and the Phillips curve › The expectations-augmented Phillips curveHardabout 1 min

CUET-PG 2026 Question 68: Inflation, unemployment and the Phillips curve

Match the LIST-I with LIST-II.

List I

A. Expectation Augmented Phillips curve

B. Natural rate of unemployment

C. Demand pull inflation

D. Cost push inflation.

List II

I. Long run vertical Phillips curve

II. Excess aggregate demand

III. Wage price spiral

IV. Friedman.

Choose the correct answer from the options given below:

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Answer and worked solution

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Inflation, unemployment and the Phillips curve has come up 106 times in 7 exams since 2006.

What this question tests

This question is on The expectations-augmented Phillips curve, part of Inflation, unemployment and the Phillips curve in Macroeconomics.

How expected inflation shifts the trade-off and makes it vertical in the long run.

TestStop has 16 past-paper questions on this subtopic; the nearest in year are below.

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Question from the CUET-PG 2026 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.