The Phillips Curve

60-Second Adventures in Economics - for iPad/Mac/PC

English - August 29, 2012 07:57 - 1 minute - 16.7 MB Video - ★★★★★ - 12 ratings
Courses Education economics keynes david mitchell hayek friedman adam smith inflation trade markets exchange rates Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

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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.