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Phillips curve

A curve that relates the tradeoff between unemployment and inflation, stating that lower unemployment rates result in higher rates of wage adjustments, and thus a higher inflation rate for the economy.

Related information about Phillips curve:
  1. Phillips curve - Wikipedia, the free encyclopedia
    In economics, the Phillips curve is a historical inverse relationship between the rate of unemployment and the rate of inflation in an economy. Stated simply, the ...
  2. Phillips Curve: The Concise Encyclopedia of Economics | Library of ...
    At the height of the Phillips curve's popularity as a guide to policy, Edmund Phelps and Milton Friedman independently challenged its theoretical underpinnings.
  3. Macroeconomics - The Phillips Curve
    The essence of the Phillips Curve is that there is a short-term trade-off between unemployment and inflation. But the original Phillips Curve has come under ...
  4. Phillips Curve Definition | Investopedia
    An economic concept developed by A. W. Phillips stating that inflation and unemployment have a stable and inverse relationship. According to the Phillips curve, ...
  5. Phillips curve (economics) -- Britannica Online Encyclopedia
    Representation of the economic relationship between the rate of unemployment ( or the rate of change of unemployment) and the rate of change of money wages ...
  6. Phillips Curve - YouTube
    Apr 5, 2008 ... The Phillps curve, and its long run application considers the apparent trade-off between inflation and unemployment.
  7. Phillips Curve | Macroeconomics | Khan Academy
    The observation that inflation and unemployment tend to be inversely correlated.
  8. Inflation: Life on the Phillips curve | The Economist
    Feb 20, 2012 ... VIA Modeled Behavior, I see that Arnold Kling has written a post which reads: Mainstream macro in the 1970s (which a lot of people seem to ...