In this question, we are given a list of curves in List I and a list of their corresponding indications in List II. We need to match the curves with their correct indications.

List I:

A. Lorenz curve

B. Phillips curve

C. Engel curve

D. Laffer curve

List II:

1. Inflation and employment

2. Tax rates and tax revenue

3. Inequality in the distribution of income or wealth

4. Income and proportion of expenditure on food

Option 1 - A: 3, B: 4, C: 1, D: 2

Option 2 - A: 2, B: 1, C: 4, D: 3

Option 3 - A: 3, B: 1, C: 4, D: 2

Option 4 - A: 2, B: 4, C: 1, D: 3

Looking at the correct answer (Option 3), we can see that the Lorenz curve (A) is correctly matched with the indication of inequality in the distribution of income or wealth (3). The Phillips curve (B) is correctly matched with the indication of inflation and employment (1). The