Q. Great Gatsby Curve is associated with which of the following?

[A] relationship between cross-sectional income inequality and persistence of income across generations.

[B] graphical representation of income inequality or wealth inequality.

[C] displays how household expenditure on a particular good or service varies with change in household income.

[D] .Inflation and unemployment have a stable and inverse relationship.

Answer: A
Notes:
  • The Great Gatsby Curve is the positive empirical relationship between cross-sectional income inequality and persistence of income across generations.

Source: Article

Blog
Academy
Community