Which of the following statements is/are correct about Phillips Curve? - Study24x7
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Which of the following statements is/are correct about Phillips Curve?

A

The Phillips Curve describes the relationship between tax rates and total tax revenue, with an optimal tax rate that maximizes total government tax revenue.

B

The Phillips Curve states that inflation and unemployment have an inverse relationship.

C

The Phillips Curve is a graphical representation of the distribution of income or of wealth.

D

None of the above

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