Phillips curve

noun Phil·lips curve \¦filə̇ps-\

Definition of Phillips curve

  1. :  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

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Origin and Etymology of phillips curve

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

First Known Use: 1959

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feeling or affected by lethargy

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