Economics · Economic Concepts and Curves

With reference to economic curves and their usual interpretations, consider the following pairs: Curve — Description I. Phillips Curve — Indicates a short-run trade-off between inflation and unemployment II. Lorenz Curve — Depicts the distribution of income or wealth and helps measure inequality III. Laffer Curve — Describes the inverse relationship between inflation and fiscal deficit IV. Kuznets Curve — Shows the relationship between tax rates and total tax revenue How many of the pairs given above are incorrectly matched?