This week has been the Phillips curve and the Inflation curve.
Must not get confused by the fact that the IS and Phillips curves are not curves just angled lines, in fact when output is in equilibrium with inflation, the Phillips curve is a straight vertical line.....
Economics
Wow, it gets harder every week!!!!
This week has been the Phillips curve and the Inflation curve.
Must not get confused by the fact that the IS and Phillips curves are not curves just angled lines, in fact when output is in equilibrium with inflation, the Phillips curve is a straight vertical line.....
Simple really.