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Phillips curve is a ()

ilovewymf2010-01-26 10:01:58 +0000 #1
A. the relationship between unemployment and employment, the curve

B. the relationship between wages and employment

C. The curve of the relationship between wages and profits of the curve

D. alternating between unemployment and inflation the relationship between the curve
Liu Chang-2010-01-26 10:07:37 +0000 #2
d Phillips curve is used to indicate the turn of the relationship between unemployment and inflation curve. he indicated that unemployment and inflation, there is a relationship between the turn of the curve, the inflation rate is high, unemployment rate is low; inflation rate is low, the unemployment rate.

1867-1957 years, based on the UK unemployment rate and the rate of change of money wage experience in statistical data presented to indicate a rate of change of money wage rates of unemployment and the relationship between the turn of the curve. This curve shows that: when the unemployment rate is low, the money wage rate is higher; On the contrary, when the unemployment rate is high, the money wage growth rates are low, or even be negative. According to cost-push inflation theory, the money wage can be expressed as the rate of inflation. Therefore, this curve can be expressed as the unemployment rate and inflation rate the relationship between the alternate. Namely, high levels of unemployment that the economy is in recession period, when wages and prices are comparatively low in the water, thus the rate of inflation also low; the other hand unemployment is low, indicating that the economy is in boom phase, when the level of wages and prices are high, thus the rate of inflation also high. Unemployment rate and the inflation rate in the opposite direction exists between the change in the relationship between the
NBA Barcelona2010-01-26 10:21:58 +0000 #3
B. the relationship between wages and employment curve

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