In a famous article published in 1958, A.W. Phillips used data for the United Kingdom to show a negative relationship between the rate of change of wages in the U.K. and the U.K. unemployment rate.

Question

​In a famous article published in 1958, A.W. Phillips used data for the United Kingdom to show a negative relationship between the rate of change of wages in the U.K. and the U.K. unemployment rate.

Quizplus · Accepted Answer

A.W. Phillips published an article in 1958 where he demonstrated a negative relationship between wage inflation and unemployment in the United Kingdom, which became known as the Phillips Curve.

​In a Famous Article Published in 1958, A

In a Famous Article Published in 1958, A