Dictionary
Thesaurus
Encyclopedia
Translator
Web

phillips curve

 - 1 dictionary result
Financial Dictionary

Phillips Curve

An economic concept developed by A. W. Phillips stating that inflation and unemployment have a stable and inverse relationship.

Investopedia Commentary

The theory states that with economic growth comes inflation, which in turn should lead to more jobs and less unemployment. The concept has been proven empirically and some government policies are directly influenced by it.

Related Links

All about Inflation Tutorial
Surveying The Employment Report
What Is Fiscal Policy?

See also: Economics, Frictional Unemployment, Inflation, Natural Unemployment, Okun's Law, Structural Unemployment

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
Cite This Source
Search another word or see phillips curve on Thesaurus | Reference
FacebookTwitterFollow us: