ES snerpament js|Al situation here alll abmber of people telasive +0 — [| the everall populeeion), whore willing 20 work, done hove « jol. High inf oeion ish bij siendy increas in price level, or lehe [average of all prices of goods bad pefviket in. counery, | Beet ee llfetaboll jint of view cores fo the hebakie telationship besween - ner plo ahd inflesion preposed by the Phillips conve. In her, |high| value ‘oft woriable always domes with low valve of Another. | Famaka sit pela Fac Ingeance, |For ecchomd will move froma eo h | | [lint lation ond unemployment will inversely change: i + — ‘the firse one will increase and thel second one will | r | decrease And Vice yetsa ifton bt a. eet pl ayn evel = Fee | | rer ial & £Havant perspective Fan be. abiateledd die leo thelshifes inl SRAS zhae on able ta ta ate lcatrelation between unemployment ond inflation, For on ingot in SRA en 8 a eval nd-an inp in real GDP. wil facilitate s0- called economic expansion where there's fst [2] Fete reason, che coheroversial situation forces the | (Ph llips cirve to have. an update which moles ie shifey a rela from PC, to FC, _ thereby cewnsraing | | TR =o ni exponsion. in Eps NB REE EH oe A Tne fe feal world zhis happened to zhe US, 1 Del deh 49905, ish fp Malin re ing signfleanely froin the cop of See at fer bovtel ot the end of 1 veo shard : Tht chd-ot hereby beige a he ee ctr ee be isa er a LE