EPISODE · Aug 29, 2012 · 1 MIN
The Phillips Curve
from 60-Second Adventures in Economics - for iPad/Mac/PC · host The Open University
Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.
What this episode covers
Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.
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The Phillips Curve
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