Phillips curve

Phil·​lips curve | \ ¦filə̇ps- \

Definition of Phillips curve

: a graphic representation of the relation between inflation and unemployment which indicates that as the rate of either increases the rate of the other declines

First Known Use of Phillips curve

1959, in the meaning defined above

History and Etymology for Phillips curve

after A.W.H. Phillips †1975 British (New Zealand-born) economist

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The first known use of Phillips curve was in 1959

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Cite this Entry

“Phillips curve.” Dictionary, Merriam-Webster, Accessed 27 Sep. 2022.

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