This The Phillips Curve video also includes:
How does employment affect wages and prices? Can this really all be explained by a simple curve? Here you will find a brief video clip that uses cartoon animations to explain the correlation between employment and inflation according to the Phillips curve, as well as historical moments of inconsistency.
- Cartoon graphics help to illustrate concepts
- Brief and to-the-point
- Moves very quickly through the concept, really best used as a summary