From: rhinoceros (rhinoceros@freemail.gr)
Date: Mon Oct 27 2003 - 07:25:25 MST
To Ophis:
I did a refresher googling about inflation and unemployment. The "Philips curve" was supposed to show a tradeoff between inflation and unemployment, but later it was found that this relationship depended on the particulars of an economy (there can be "stagflation", that is, rising inflation plus rising unemployment).
http://www.scottishlife.co.uk/scottishlifeold/invest/jargon5.htm
"Demand pull" inflation is also mentioned there.
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