23 The Phillips curve is an economic model illustrating a historical, inverse relationship between a nation's unemployment rate and its rate of inflation. Proposed by economist A.W. Phillips in 1958, it suggests that lower unemployment tends to correlate with higher inflation. Of course, it's bunkum. (youtu.be) Interesting Theory posted 32 days ago by Wellifthisaintdandy 32 days ago by Wellifthisaintdandy +23 / -0 9 comments share 9 comments share save hide report block hide replies
thanks