Phillips’s original curve: Wage inflation and unemployment

Unit 15 'Inflation, unemployment, and monetary policy’ Section 15.2 'Inflation results from conflicting and inconsistent claims on output' in The CORE Team,The Economy. Available at:https://tinyco.re/3390231 [Figure 15.3]

Unemployment rate (%)2%3%4%5%6%7%8%9%Inflation (%)0%186118611862186218631863186418641866186618671867186818681872187218761876187818781879187918871887190519051907190719081908191019101913191318611913
Phillips’s original curve: Wage inflation and unemployment

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