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Phillips curve

Saltos de línea: Phil|lips curve
Pronunciación: /ˈfɪlɪpskəːv
 
/

Definición de Phillips curve en inglés:

sustantivo

Economics
A supposed inverse relationship between the level of unemployment and the rate of inflation.
Oraciones de ejemplo
  • Clearly, the linear relationship between unemployment and inflation posited by the Phillips curve does not hold.
  • The Phillips curve over-predicted wage gains, let alone unit costs and inflation.
  • Moreover, Keynesian explanations for inflation turned heavily on the Phillips curve, which postulated an inverse correlation between the level of unemployment and the rate of inflation.

Origen

1960s: named after Alban W. H. Phillips (1914–75), New Zealand economist.

Definición de Phillips curve en:

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Pronunciación: ɡlɛn
noun
a narrow valley, especially in Scotland or Ireland