The trade-off between unemployment and inflation is known as

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The trade-off between unemployment and inflation is known as the Phillips curve, named after economist A.W. Phillips. The curve shows an inverse relationship between the rate of unemployment and the rate of inflation. As unemployment decreases, inflation tends to increase and vice versa. This trade-off was once thought to be linear, but it has proven to be more complex over time.

The Trade-Off Between Unemployment and Inflation Is Known as