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  1. Which one of the following curves is a graphical representation of the relationship between unemployment and the job vacancy rate ?
    1. Philips curve
    2. Laffer,s curve
    3. Beveridge curve
    4. Friedman,s curve
Correct Option: C

A Beveridge curve, or UV-curve, is a graphical representation of the relationship between unemployment and the job vacancy rate (the number of unfilled jobs expressed as a proportion of the labour force). It typically has vacancies on the vertical axis and unemployment on the horizontal. The curve is named after William Beveridge and it is hyperbolic shaped.



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