The Phillips Curve - 60 Second Adventures in Economics (3/6)

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. (Part 3 of 6) Playlist link - Transcript link - Free learning from The Open University - Bubbles and savings Study a free course on Managing my money at the Open University Study R30 BA (Honours) Economics The Open University is the world’s leading provider of flexible, high-quality online degrees and distance learning, serving students across the globe with highly respected degree qualifications, and the triple-accredited MBA. The OU teaches through its own unique method of distance learning, called ‘supported open learning’ and you do not need any formal qualifications to study with us, just commitment and a desire to find out what you are capable of. Free learning from The Open University For more like this subscribe to the Open University channel Like us on Facebook: Follow us on Twitter: #OpenUniversity #Economy