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Isternal Assaiqpment-1

:Komavabya Hoanumg Noaik


Name
KEGD 2.08sGc35
Subject Econogics ot THormadioe

SECTION-I
philips Curve Was Geo oped4
b)Itialty. e
byAW. pHipsTnbotuoeen
861-1913
Curve
Besds, this philips
e relaiousip boweeu Tndh i o
oJomines

aud Unemploym.ont Ohid s hauing wera


T oev Loords Neaitioe relaiow

tu Unenpam
whi tst I1Diou iniueu de
Tufluentes.ulatiou
os odl as, Onenplopent

tis s Loh e exatdy Call trade o


tonslho les brere iS Cruial0 5i-etiua

f i s pilips Curve i d s poztuni ty


Cos. TLis ppotu ty Cost ezamineg ttat

t t cos o a e emplayme s morg

Tud laf'to Oev


wodsVice-Vess a.
+The One mor cauiad objedtivo Tn

tis pkilips
this Curuo t5b tws theon
tis heDn
t50 Sorb-Run only
Oly pplicoble
Late
Lats discus 0s Oty hetp ot
ot-
the

8raphica
9phie panh-er so 10is roight be
easy o udesstand
eos
Fonstauc e
Lhflatiou Onem ployDen yeas
rde
20L
5 o 30I
20/.
202
Id.iao

203
S YO7

20. 5
Veass 2021 292
phlips Curve
20

Tddiou'S
ade 1

o 30/. 261 o1.S1


Uneppouent
be Seew frDry
As an
oqraph
ollel reprgets he philip urv

I t is Very dlear tLa e Qurvo is

slophq doontoardg Oo haudve


reladiou ibdwoen 200 To, 2014

ufuteseti olly, this curve w stable

LTe econoo y ice, ohe ever bo highey

o e , wru be
plabiou i ta eDutroy
reduueOnempoqmeud tbe
t chokee

oore Onemploy ma w ttue


e SCeue
(Lere S

T fplueue e Tatlasiou. So t i s

euady botolidips curve.


SecTION-

Sacldle point th

qaupe Theory
1 t Daimwn' aud oinmuy Value ede
tau t
to t oinimuum maimuy Value,
ane e y sRd t hawe a Saddlo poi

For Lnstaute

d lodpd

9rao

gane Valuue

Saddle poi Pg, S)


Lipe i t me
weo wod

applia,
L)-Aodaptiue Gpediol but heory
ap9 iua pevio theoy bosed ou tke

Curent stadu and bogd o this


this bo

plowwing woud be ake or tta utuse

Fo incauce
A prea orisis i ong ou

economy additiOuculy, based


fropa ot et thi isi Od ePto-
Ou It econorp Odesiou oould be
Dateu or Ouercooiu to

MoreOJe uppae Predfting u

1io, it idlotiou i reagiupople


Deud to expet mone oho e do
Fubure His s based CLr-el Situa
stuoe
Lltiou ote

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