Phillips curve

noun

Phil·​lips curve
¦filə̇ps-
: a graphic representation of the relation between inflation and unemployment which indicates that as the rate of either increases the rate of the other declines

Word History

Etymology

after A.W.H. Phillips †1975 British (New Zealand-born) economist

First Known Use

1959, in the meaning defined above

Time Traveler
The first known use of Phillips curve was in 1959

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Dictionary Entries Near Phillips curve

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Cite this Entry

“Phillips curve.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Phillips%20curve. Accessed 24 Nov. 2024.

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