What is the Phillips curve?

adicionou um novo artigo Economics

2026-07-29 12:53:17 -

What Is the Phillips Curve? The Phillips curve is an economic theory that describes the relationship between unemployment and inflation. It suggests that when unemployment is low, inflation tends to rise, and when unemployment is high, inflation tends to fall. For decades, this concept has been one of the most influential ideas in macroeconomics, shaping how governments and central banks think...

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