Sacrifice ratio - PowerPoint PPT Presentation

New Classical Macroeconomics

New Classical Macroeconomics. Intermediate Macroeconomics ECON-305 Spring 2013 Professor Dalton Boise State University. New Classical Macroeconomics.

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1.39k views • 48 slides

The Short-Run Trade-Off Between Inflation and Unemployment

The Short-Run Trade-Off Between Inflation and Unemployment. Chapter 5. Philips Curve. Phillips curve : shows the short-run trade-off between inflation and unemployment 1958: A.W. Phillips showed that nominal wage growth was negatively correlated with unemployment in the U.K.

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384 views • 19 slides

The Short-Run Trade-Off Between Inflation and Unemployment

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299 views • 19 slides

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