Match List-I with List-II.
| List-I | List-II |
|---|---|
| A. Q theory | I. Unemployment and inflation |
| B. Phillips curve | II. Unemployment and output |
| C. Okun's Law | III. Investment |
| D. Liquidity trap | IV. Demand for money and interest rate |
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Inflation, unemployment and the Phillips curve has come up 106 times in 7 exams since 2006.
This question is on The Phillips curve and the inflation-unemployment trade-off, part of Inflation, unemployment and the Phillips curve in Macroeconomics.
The relation between inflation and unemployment, in the original and short-run form.
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Question from the UGC-NET 2025 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.