Learn about the Phillips curve showing an inverse relationship between unemployment and inflation rate

Learn about the Phillips curve showing an inverse relationship between unemployment and inflation rate

An overview of the Phillips curve, which purports to show the relationship between wages and unemployment.
© Open University (A Britannica Publishing Partner)
  • Encyclopædia Britannica, Inc.
    The eldest son of King Charles III and Princess Diana, William is no stranger to the spotlight.
  • Encyclopædia Britannica, Inc.
    Iranian protesters in 2026 are flying a flag that hasn't been official since 1979.
    Media Editor: Lauren Sims
  • Encyclopædia Britannica, Inc.
    The taxes you pay influence how you spend, earn, and invest money.
    Media Editor: Miranda Chabot