The Phillips Curve suggests an inverse relationship between

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The Phillips Curve suggests that there is an inverse relationship between unemployment and inflation. When unemployment is low, companies have to compete for workers, driving up wages and prices, leading to inflation. Conversely, when unemployment is high, there is less competition for workers and wages and prices tend to remain stable or even decrease. The Phillips Curve is a useful tool for policymakers to understand the tradeoffs between unemployment and inflation when setting economic policies.

The Phillips Curve Suggests an Inverse Relationship Between