Definitions from Wiktionary (Phillips curve)
▸ noun: (economics) A single-equation empirical model describing a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result within an economy.
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▸ noun: (economics) A single-equation empirical model describing a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result within an economy.
Similar:
Price's equation,
point elasticity,
Price equation,
elasticity,
Wien's displacement law,
Clausius-Clapeyron relation,
Jevons paradox,
pseudoperiod,
supercycle,
Kondratiev wave,
more...
Opposite:
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