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Questions › UGC-NET › UGC-NET 2025 › Q23
2 marksMacroeconomics › Inflation, unemployment and the Phillips curve › Costs of inflation and deflationModerateabout 1 min

UGC-NET 2025 Question 23: Inflation, unemployment and the Phillips curve

Match List-I with List-II.

List-IList-II
A. Debt-deflation theoryI. Falling price levels raise the income levels
B. Pigou effectII. A policy of announcing future monetary action
C. Forward guidanceIII. The effects of unexpected fall in price level could depress income
D. Okun's lawIV. An inverse relationship between unemployment and real GDP

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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 Costs of inflation and deflation, part of Inflation, unemployment and the Phillips curve in Macroeconomics.

Who gains and loses from inflation, deflation and disinflation.

TestStop has 10 past-paper questions on this subtopic; the nearest in year are below.

  • IIT JAM 2021 · Q2An unanticipated inflation would cause
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