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Analyzing the Phillips Curve

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What is Phillips curve? Who was Phillips? What is the relationship between inflation, nominal GDP growth and real GDP growth?

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Solution Summary

Notes about the theory regarding the Phillips curve, and the relationship inflation has to nominal and real GDP growth.

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My name is Jason Blair and it is my pleasure assisting you with some notes today related to the Phillips curve, nominal GDP growth, and real GDP growth. By way of introduction, I am a professor in the state of Arizona.

The Phillips Curve was aptly named after its creator, economist A. W. Phillips. This curve is designed to represent the relationship between inflation and unemployment - namely that they have an ...

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  • BA, Arizona State University
  • MA, University of Phoenix
  • PhD (IP), North Central University
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