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In: Economics

-- Define the phillips curve -- (Course: Intermediate Macroeconomic Theory)

-- Define the phillips curve --

(Course: Intermediate Macroeconomic Theory)

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Expert Solution

Philip curve shows a relation between the unemployment and inflation rate in the economy, it is negatively sloped that suggests that if the inflation in the market is high then the unemployment will be low and if the inflation in the market is low then the unemployment in the market will be high.

Rahul Sunny answered 2 years ago
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