The Phillips Curve - 60 Second Adventures in Economics (3/6)

Bill Phillips' curve historically described an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.

(Part 3 of 6)
Playlist link - https://www.youtube.com/playlist?list=PLhQpDGfX5e7DDGEQvLonjDQsbclAF2N-t

Transcript link - http://podcast.open.ac.uk/feeds/3998_youtubeuploadsfriday/20181031T142605_The_Phillips_Curve_-_Transcript.pdf

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Видео The Phillips Curve - 60 Second Adventures in Economics (3/6) канала OpenLearn from The Open University