phillips curve

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Is It Time to Throw the Phillip's Curve Away Again? Or Should We Never Have Used It At All?

10 Jul 2021 4 minute read 1 comment kev_nag

***HISTORY*** Economic theory has held that there exists an inverse relationship between unemployment and inflation. Again, in theory, if you think this through, it makes sense. When you have low levels of unemployment, workers have available more di...