Which of the following curves shows a relationship between inflation and unemployment?

📈 Key Points
→ Philips curve: The Phillips curve is an economic concept developed by A. W Phillips, stating that inflation and unemployment have a stable and inverse relationship.
→ The theory claims that with economic growth comes inflation, which in turn should lead to more jobs and less unemployment.

📌 Important Points
→ Kuznets curve: It shows the relationship between economic growth and inequality, suggesting that initially, economic growth leads to greater inequality, followed later by the reduction of inequality.
→ Laffer curve: It shows the relationship between tax rates and the amount of tax revenue collected by governments.
→ Lorenz curve: It is a representation of income inequality or wealth inequality developed by American economist Max Lorenz in 1905.