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

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!

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

Keep scrolling for more

Learn More About Phillips curve

Time Traveler for Phillips curve

Time Traveler

The first known use of Phillips curve was in 1959

See more words from the same year

Dictionary Entries Near Phillips curve

Phillips code

Phillips curve

Phillips-head screw

See More Nearby Entries 

Statistics for Phillips curve

Cite this Entry

“Phillips curve.” Dictionary, Merriam-Webster, Accessed 1 Aug. 2021.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon


Test Your Vocabulary

Dog Words Quiz

  • shiba puppy more or less demanding cuddles
  • Which of the following animals has a dog in its etymology?
True or False

Test your knowledge - and maybe learn something along the way.


Anagram puzzles meet word search.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!