| 单词 | phillips curve |
| 释义 | > as lemmasPhillips curve attributive and in the genitive. Designating a formula expressing a supposed inverse relationship between the level of unemployment and the rate of inflation (strictly, the rate of change of money wages), or a graphical representation of such a relationship. Chiefly in Phillips curve. ΘΚΠ society > trade and finance > management of money > management of national resources > [noun] > political economy > economic maps or graphs indifference curve1881 indifference map1934 Phillips curve1959 1959 Economica 26 304 This adjustment would entail a shift of the Phillips curve to the right. 1969 Times 5 May (Wall St. Suppl.) p. i/4 The Phillips curve was mentioned frequently during last year's presidential campaign, usually with the assumption that a Nixon Administration would tolerate a higher level of unemployment and thereby bring about a lower rate of inflation than would the opposition party. 1974 Times 23 Mar. 13/1 Many have come to doubt whether any such choice—between unemployment and inflation as expressed in the traditional Phillips's curve—exists at all. 1992 D. Laidler in A. Vercelli & N. Dimitri Macroeconomics xvi. 455 It is widely believed that the disappearance of the Phillips trade-off in the 1960s and 1970s is a clear-cut example of just this phenomenon at work. 2000 New Scientist 9 Dec. 47/2 His next idea—the Phillips Curve—brought him a professorship and an international reputation as a brilliant economist. < as lemmas |
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