Philip's Curve Descriptive Essay by ResearchRiter

Philip's Curve
A discussion of the expectations of the Philip's curve in the 1990's.
# 122269 | 750 words | 1 source | APA | 2008 | US
Published on Dec 01, 2008 in Economics (Inflation) , Economics (Macro)


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Description:

This paper discusses the general pattern of the Philip's curve from 1990-1999 as what would be expected. There is an inverse relationship between the inflation rate and unemployment rate. During the years 2000-2002, the same inverse relationship exists. However, the curve changes in 2003-2005, with both inflation and unemployment increasing.

From the Paper:

"The general pattern of the Philip's curve from is what we would expect to see. There is an inverse relationship between the inflation rate and unemployment rate. When unemployment goes down, inflation increases. During the years the same inverse relationship exists. However the curve changes in with both inflation and unemployment increasing ..."

Cite this Descriptive Essay:

APA Format

Philip's Curve (2008, December 01) Retrieved November 25, 2020, from https://www.academon.com/descriptive-essay/philip-curve-122269/

MLA Format

"Philip's Curve" 01 December 2008. Web. 25 November. 2020. <https://www.academon.com/descriptive-essay/philip-curve-122269/>

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