Phillips Curve

by Econlife Editor    •    Feb 13, 2014    •    73 Views    •    TIME TO READ: 0 minutes Less than a minute

« Back to the Economics Glossary

A graph representing the trade-off between unemployment and inflation. As first developed by A. W. Phillips, the relationship between the two was thought to be inverse. Now economists believe that it need not be.

« Back to the Economics Glossary

Comments are closed.

« »