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Cataloged Resource Summary

 

Title

Phillips Curve

Author

Kevin D. Hoover

Category

Macroeconomics and Monetary Economics

Type

Article

Description

The Phillips curve represents the relationship between the rate of inflation and the unemployment rate. This article describes A.W.H. Phillip's discovery that there was a consistent inverse, or negative, relationship between the rate of wage inflation and the rate of unemployment in the United Kingdom from 1861 to 1957.

URL

http://www.econlib.org/library/Enc/PhillipsCurve.html
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