Phillips Curve Diagram
43+ Phillips Curve Diagram Pictures. The phillips curve is an economic concept developed by a. The phillips curve given by a.w.
The nairu theory says that when unemployment is at the rate defined by this line, inflation will be stable.
Firstly, in general the phillips curve is a model that explains the relationship between unemployment and inflation in the short term. Phillips shows that there exist an inverse relationship between the rate of unemployment and the rate of increase in nominal wages. November 25, 2020 / phillips curve. The phillips curve is an economic concept developed by a.
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