Economist economist Bill Phillips described an inverse relationship between unemployment and inflation visible in the data in 1958. This relationship was later named the "Phillips Curve". Learn about the macroeconomic debates that this concept stirred over time.
Source: Khan Academy, https://www.khanacademy.org/economics-finance-domain/old-macroeconomics/inflation-topic-old/phillips-curve-tutorial/v/phillips-curve
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Last modified: Sunday, March 21, 2021, 11:10 AM