phillips curve in English

noun
1
a supposed inverse relationship between the level of unemployment and the rate of inflation.
Clearly, the linear relationship between unemployment and inflation posited by the Phillips curve does not hold.

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Below are sample sentences containing the word "phillips curve" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "phillips curve", or refer to the context using the word "phillips curve" in the English Dictionary.

1. The Phillips curve: trade off or disequilibrium adjustment mechanism?

2. 16 The Phillips curve: trade off or disequilibrium adjustment mechanism?

3. Thus, the Phillips curve represents only the demand-pull component of the triangle model.

4. In the 1920s, an American economist Irving Fisher noted this kind of Phillips curve relationship.

5. The Phillips curve was regarded as an inescapable constraint on policy action which the authorities could only ignore at their peril.

6. We find that price adjustment is well described by an aggregate supply curve in price-output space, that is, a price Phillips curve.

7. We shall see that an important feature of both the monetarist approach and our simple model is the so-called augmented Phillips curve.

8. In that case A) inflation will fall from its current level which explains the upward-sloping nature of the Phillips curve B) inflation will rise from its current level which explains the upward-sloping nature of the aggregate supply curve C) unemployment will rise Above the natural rate which explains the upward