The Phillips Curve Explained - A Level Economics (Macro)
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YouTubetutor2u
The Phillips Curve Explained - A Level Economics (Macro)
This updated revision video looks at the basics of the Phillips Curve. The Phillips Curve suggests that there is an inverse relationship between inflation and unemployment rates in the short run. It implies that as unemployment rates decrease, inflation rates tend to increase, and vice versa. The curve is typically downward-sloping, indicating ...
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