The Phillips Curve - 60 Second Adventures in Economics (3/6)
September 5, 2012
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1:21Now PlayingThe Phillips Curve - 60 Second Adventures in Economics (3/6)
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as posted by the channelBill Phillips' curve historically described an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.
(Part 3 of 6)
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