Q41.Consider the following statements: 1. Phillips Curve is representa

1.	Q41.Consider the following statements: 1. Phillips Curve is representation of the relationship between tax rates and tax revenue collected by governments. 2. Laffer curve is a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result within an economy Which of the above statement(s) is/are correct?
Answer» Q41.Consider the following statements: 1. Phillips Curve is representation of the relationship between tax rates and tax revenue collected by governments. 2. Laffer curve is a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result within an economy Which of the above statement(s) is/are correct?

Q41.Consider the following statements: 1. Phillips Curve is representation of the relationship between tax rates and tax revenue collected by governments. 2. Laffer curve is a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result within an economy Which of the above statement(s) is/are correct?

Answer»

Q41.Consider the following statements:

1. Phillips Curve is representation of the relationship between tax rates and tax revenue collected by governments.

2. Laffer curve is a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result within an economy

Which of the above statement(s) is/are correct?