Q. Assertion (A): Long-run Philips curve is a vertical line at the NAIRUReason (R): Non-accelerating inflation raise of unemployment, more or less, stands accepted (Solved)
1. both (a) and (r) are false.
2. both (a) and (r) are true, but (r) is not the correct reason.
3. both (a) and (r) are true, and (r) is the explanation.
4. (a) is true, (r) is false.
- c. both (a) and (r) are true, and (r) is the explanation.