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

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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 12 Aug. 2020.

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