According to the Phillips curve, unemployment will return to the natural rate when:

Related MCQs

• Statistics such as GDP, the unemployment rate, the rate of inflation and the trade balance are:
• Old age pension is “National Old Age Pension Schemes”, “Interest payments”, “Subsidies”, “Unemployment allowances”, “Welfare benefits to weaker sections, etc.” By incurring such expenditure, the government does not get anything in return, but it adds to the welfare of the people, especially belong to the weaker sections of the society. Such expenditure basically results in redistribution of money incomes within the society.
• According to Keynes people demand money for purposes (motives):
• According to Keynes, motives for holding money are:
• According to Keynes, demand for money is affected by:
• Excess demand for money, according to Say’s law in the Economy:
• According to classical economists, variations in savings are due to:
• According to real business cycle theory, the primary causes of business cycles are