What were the inflation rate and unemployment rate last year? Do these rates lie on a Phillips curve

i dont know the last years data but to know if the phillips curve applies to the economy youll need a longer period not only one year.

What were the inflation rate and unemployment rate last year? Do these rates lie on a Phillips curve?education loans

That%26#039;s not important is it? I%26#039;m sure you are aware that the Phillips curve has failed to account for the stagflation (high unN and inflation) period of the 70%26#039;s...

Most economists have rejected this curve nowadays.Those who agree tend to believe that it happens only in a very short run when %26quot;money illusion%26quot; between workers and firms exists.