For the period 1961 to 1969,the Phillips curve for the United States displayed the same shape that A.W.Phillips found for the United Kingdom for the period 1861 to 1913---it was

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The Phillips curve for the United States during 1961 to 1969 displayed a downward sloping shape, which as per A.W. Phillips' study for the United Kingdom during 1861 to 1913 has the same shape. The Phillips curve shows an inverse relationship between unemployment and inflation, i.e., when unemployment decreases, inflation increases and vice versa. A downward sloping curve implies that as the economy moves towards full employment, the rate of inflation starts increasing.

For the Period 1961 to 1969,the Phillips Curve for the United