There Is No Long-run Trade-off Between Inflation And Output Because: ...

I am so glad you asked this great question! Indeed, many of us study economic theory in classrooms, and the Phillips curve is typically covered in a macroeconomics class. However, it is natural to ...

Fifty years ago New Zealand-born economist Alban William Phillips wrote an article noting that when unemployment was low wage growth was high and vice versa. Over subsequent years what became known as ...