UGC NET Mock exams for Paper-I are Ready
ICT Study materials are available. Self learning with exercises and materials
question #11
11. Consider the following statements :
(a) Phillips curve is an inverse relationship between the rate of unemployment and the rate of inflation in an economy
(b) Engel’s Law observes that as income rises the proportion of income spent on food falls even if the actual expenditure on food rises
Which of the above statement(s) is/are correct ?

C
.

online mock exam for paper-1 and paper-2 OPEN
NET Paper 3 - Economics - Nov 2017