Philippscurve about about relationship between unemployment and imployment

-- do lan huong (dolanhuong24@yahoo.com), March 22, 2001

Answers

Phillips curve is a curve showing the relationship between (price) inflation and unemployment. It was developed by the Briish economist A. W. Phillips in 1958 to describe the relationship between wage increases and the unemployement rate in the United Kingdom, and it has since been adapted to relate inflation and the unemployment. The original Phillips curve plotted wage inflation against unemployment for the years 1861 - 1957

-- Christina Tan (chrisbaby_@hotmail.com), December 06, 2001.