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
Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.
Start your free trial today and get unlimited access to America's largest dictionary, with:
- More than 250,000 words that aren't in our free dictionary
- Expanded definitions, etymologies, and usage notes
- Advanced search features
- Ad free!
Origin and Etymology of phillips curve
after A.W.H. Phillips †1975 British (New Zealand-born) economist
First Known Use: 1959
Seen and Heard
What made you want to look up Phillips curve? Please tell us where you read or heard it (including the quote, if possible).