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70th BPSC 2024 | PHILLIPS CURVE Explained | फिलिप्स वक्र | BPSC 70th Economics Class by Prashant Sir #bpsceconomics #phillipscurve #economicsbyprashantsir प्यारे साथियों आपका स्वागत है The Officers Academy परिवार में ! 𝐅𝐨𝐫 𝐕𝐢𝐝𝐞𝐨 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐟𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 𝐚𝐭 ------- Telegram:- https://t.me/tofficersacademy Facebook – / bpscbyshashisharan Instagram – / shashisharanofficial ------------------------------------------------------------------ 📲 Download Our APP 📥Android :- https://bit.ly/3Xi5PNI 📲 IOS :- https://apps.apple.com/in/app/officer... _________________________ In this video, Prashant Sir dives into the Phillips Curve (फिलिप्स वक्र), a significant economic concept that every 70th BPSC aspirant should understand. This session offers a clear and concise explanation of the relationship between inflation and unemployment as theorized by the Phillips Curve, making it easier for you to grasp this important topic for the BPSC Economics section. 📊 Key Topics Covered: What is the Phillips Curve? Introduction to the concept and historical context behind the Phillips Curve. Explanation of how the curve depicts the inverse relationship between inflation and unemployment. Theoretical Basis and Importance: The connection between high employment levels and inflation rates. How economists and policymakers use the Phillips Curve to understand economic cycles. Types of Phillips Curve: Short-Run Phillips Curve (SRPC): Understanding short-term fluctuations and policy implications. Long-Run Phillips Curve (LRPC): Exploring the long-term perspective and concepts like the natural rate of unemployment. Relevance of the Phillips Curve in the Indian Economy: Application of Phillips Curve concepts to understand India’s inflation and unemployment rates. How the Phillips Curve has shaped economic policies in India and its limitations. Shifts in the Phillips Curve: Exploring factors that cause shifts in the curve, such as economic shocks, changes in inflation expectations, and external influences. Impact of stagflation on the Phillips Curve and its implications for policymaking. Key Exam Tips and Frequently Asked Questions: Insights on how to tackle Phillips Curve questions in the BPSC exam. Important points to remember and real-world examples for a solid understanding. Why This Session is Crucial for BPSC Aspirants: The Phillips Curve is a frequently tested topic in competitive exams, especially in economics sections. Prashant Sir’s expert breakdown makes it easy to understand and remember, helping you boost your preparation for the 70th BPSC Economics exam. 👉 Don’t miss this essential session – subscribe for more videos on important economic concepts, current affairs, and BPSC exam strategies! 📌 Drop your questions in the comments for Prashant Sir – let’s ace the 70th BPSC exam together! #bpsc2024 #PhillipsCurve #economicsclass #prashantsir #70thbpscpreparation #bpsceconomics #InflationAndUnemployment #bpscexampreparation ☎️Help/Support 📩 📞6204184260 📞9523986201 📧support@theofficersacademy.in