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提醒:economics for actuaries
【标题】phillips curve
【摘要】in any society , inflation and unemployment are two major worries that the goveement has to solve for. a phillips curve shows a relationship between inflation and unemployment , computed empirically through various data collected over a period of time.the curve shows , that as inflation increases unemployment decreases and vice versa , they follow an inversely propotional relationship .why do it occurs ,while the typical explanation is due to the sufferance of the money illusion by the work... (04-16 21:35)