Match List I with List II:

List I

List II

(A)

Money supply and price level in an economy are in direct proportion

(I)

A.W. Phillips

(B)

Inverse relationship between unemployment and rate of wage inflation

(II)

Fisher

(C)

Profit as reward for innovation

(III)

Robert Lucas

(D)

Policy ineffective proposition

(IV)

Joseph Schumpeter


Choose the correct answer from the options given below:

1
(A) - (II), (B) - (I), (C) - (IV), (D) - (III)
2
(A) - (III), (B) - (II), (C) - (I), (D) - (IV) 
3
(A) - (II), (B) - (IV), (C) - (III), (D) - (I)
4
(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

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