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Phillip’s Curve
Phillip’s Curve can be used in which of the following?
- To plan monetary policy
- Central bank to keep eye on inflation
- Help the government to access the situation of unemployment in the country
Choose the incorrect answer from the code given below:
A |
2 only
|
|
B |
1, 2 and 3
|
|
C |
1 and 2 only
|
|
D |
None
|
Your Ans is
Right ans is D
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
All the statements are correct as this curve is used by economists to roll out the schemes related to generate employment and plan the monetary policy to tackle inflation.
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