philips curve

English - Turkish

Definition of philips curve in English Turkish dictionary

(Ticaret) philips eğrisi

English - English

Definition of philips curve in English English dictionary

(Ekonomi) In economics, the Phillips curve is a historical inverse relation between the rate of unemployment and the rate of inflation in an economy. Stated simply, the lower the unemployment in an economy, the higher the rate of increase in nominal wages in the economy

Hyphenation

Phil·ips curve

Turkish pronunciation

fîlıps kırv

Pronunciation

/ˈfələps ˈkərv/ /ˈfɪləps ˈkɜrv/