Sleeping Beauty
New Member
- Joined
- Feb 1, 2004
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- 8
wat is economics??
wat is the phillips curve??
someone juz ans the abv. help appreciated
wat is the phillips curve??
someone juz ans the abv. help appreciated
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question (1 Viewer)
- Thread starter Sleeping Beauty
- Start date
elizabethy
I'm the best !!
as far as i remember-
economics is the study of how society manages its scarce resources.
the short run trade-off b/w inflation n unemployment is phillips curve.
some1 correct me if im wrong!!!
economics is the study of how society manages its scarce resources.
the short run trade-off b/w inflation n unemployment is phillips curve.
some1 correct me if im wrong!!!
Sleeping Beauty
New Member
- Joined
- Feb 1, 2004
- Messages
- 8
thankss elizabethy , can i buy ur economics hsc notes????
elizabethy
I'm the best !!
LOL!! i didn't do economics for my hsc!!:rofl:
but i was able 2 ans ur question cos economics was one of my compulsory subjects when i was overseas.
but i was able 2 ans ur question cos economics was one of my compulsory subjects when i was overseas.
santaslayer
Active Member
philips curve...... graphical representation of the trade-off between inflation and unemployment
basically if u were to increase one side, the other would decrease.....and vice versa
if both sides increase accordingly then its called stagflation......and if inflation drops too much its called deflation......hope i didnt jibber too much
basically if u were to increase one side, the other would decrease.....and vice versa
if both sides increase accordingly then its called stagflation......and if inflation drops too much its called deflation......hope i didnt jibber too much
elizabethy
I'm the best !!
yeah , it is a "short-run" trade off!!