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Onon Hep Where is the Philip Curve? One of the contra proporcocheory is the curve, apo of the nationary process the conomy ru


Where is the Curve? One of the central propositions of macroeconomic theory is the Philips curve, a pressure cooker model of


Where is the Phillips Curve? of the central propositions of macroeconomic theory is the Philips curve, a pressure cooker mode
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Answer #1

Answer: C

We can say philips curve becomes flat when the correlation between inflation and output deviation vanishes. In the question, analyzing the facts we can infer that the inflation is not correlated since it's not in the sight. Therefore it is likely that the Philip's curve has gone flat. And we know that SRPC (Short Run Philips Curve) is downward sloping, and in the current scenario this downward sloping is not consistent with the flat curve which is likely. Hence option C is correct.

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