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60 Second Adventures in Economics - The Phillips Curve

Jim Riley

20th September 2012

In this 60 second summary, David Mitchell explains that Bill Phillips' curve historically described an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.


Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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