The economist A.W.Phillips published a famous article in 1958 in which he showed a

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Phillips presented data showing that when unemployment was low, wages tended to be high and when unemployment was high, wages tended to be low. This implied that there was an inverse relationship between unemployment and inflation, as low unemployment would mean competition for labor and higher wages, which in turn would lead to increased production costs and higher prices. This became known as the Phillips Curve.

The Economist A