Econs For The Ipod
The Phillips Curve
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:03:31
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Sinopse
In this episode, we describe the Phillips Curve relationship between inflation and unemployment. In doing so, we differentiate between the short run and the long run and note the implication for policy makers. We also define and differentiate between full employment and the non-accelerating inflation rate of unemployment.