|economics a curve that purports to plot the relationship between unemployment and inflation on the theory that as inflation falls unemployment rises and vice versa|
|[C20: named after A. W. H. Phillips (1914--75), New Zealand economist who formulated the theory]|
|a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.|
|a scrap or morsel of food left at a meal.|
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