Phillips curve

From Citizendium
Revision as of 15:51, 21 August 2010 by imported>Nick Gardner (New page: {{subpages}} <!-- Text is transcluded from the Phillips curve/Definition subpage-->)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Phillips curve [r]: A proposed inverse relationship between the inflation rate and the unemployment rate (that was found to lack empirical support and was replaced in the economics consensus by the expectations-augmented Phillips curve). [e]

This article contains just a definition and optionally other subpages (such as a list of related articles), but no metadata. Create the metadata page if you want to expand this into a full article.