Phillips curve/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> A proposed inverse relationship between the inflation rate and the unemployment rate (that was found to lack empirical support and was replaced ...) |
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Latest revision as of 15:50, 21 August 2010
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Phillips curve [r]: A proposed inverse relationship between the inflation rate and the unemployment rate (that was found to lack empirical support and was replaced in the economics consensus by the expectations-augmented Phillips curve).