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Phillips curve is used to show an inverse relationship between the percentage of unemployment and the
rate of inflation. Curve Phillips happened to economist AW Phillips was first
observed an inverse relationship between the two variables in the study of inflation and unemployment in England
between 1861 and 1957, Phillips to. The study shows clearly that the United Kingdom during this time as long as
unemployment fell. Rising inflation Curve Phillips hypothetical shown below. Theories explaining the rate of inflation are generally two theory is demand-pull, said that prices rise when demand for goods and services over the supply of their second theory added. create inflation, said companies will increase their prices to cover the provision of higher prices. And maintain profitability assessment of the overall economy, inflation and unemployment are the two main elements. Using data from the National Statistics Office. However, the relationship between inflation and unemployment, a topic that economists have argued for. The famous and recognized in 1958, is the theory of economist AW Phillips Phillip curve which shows the relationship between the opposing increases in wages and unemployment rates. In the UK between 1861 and 1957.
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