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The Phillips Curve

This is a 15 page paper that examines the definition and economic and political history associated with Phillips Curve. It outlines the relationship between unemployment and inflation as described by Phillips. It briefly looks at such concepts as Keynesian economics, natural rates of unemployment and NAIRU in relation to the concept of Phillips Curve. It looks at a history of political intervention in terms of the feasibility of interpretation by a Phillips Curve paradigm. Bibliography lists 15 sources.


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