The Phillips Curve

The Phillips Curve

Recording date: 29/08/2012
Viewed: 1 time

Bill Phillips' curve has historically been described as 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.

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http://media-podcast.open.ac.uk/feeds/2190_60secondadventuresineconomics/ipod-all/21792_3__the_phillips_curve_itunesu.m4v
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up2u_OPEN_UK_http://podcast.open.ac.uk/feeds/2190_60secondadventuresineconomics/ipod-all/21792_3__the_phillips_curve_itunesu.m4v
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The Open University


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