177 were donated in October
This month, we are on track to donate 178

Phillips curve

Definitions

Phillips curve rate
(Noun) A graph showing a inverse square relationship between inflation and unempolyment rate.

Monetarists believe that the long run Philips curve is a vertical line with the x intercept as NAIRU
Phillips curve rate
or simply, the lower the unemployment in an economy, the higher the rate of increase in nominal wages in the economy

Link to this page:

Add or improve a definition

All definitions are approved by humans before publishing. Any promotional content will be deleted.
HTML tags are not allowed and will be encoded.
Use square brackets to link a word. For example, [abc] will render as abc. External links will be removed
home   recent additions   webmaster page   banners   feed a child