Relation between unemployment and inflation
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The relationship between inflationrates and unemployment rates is inverse. Graphically, this means the short-run Phillips curve is L-shaped. A.W. Phillips published his observations about the inversecorrelation between wage changes and unemployment in Great Britain in 1958.
# I hope it will help you.
The relationship between inflationrates and unemployment rates is inverse. Graphically, this means the short-run Phillips curve is L-shaped. A.W. Phillips published his observations about the inversecorrelation between wage changes and unemployment in Great Britain in 1958.
# I hope it will help you.
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