Exploring the Phillips Curve: Understanding Inflation and Unemployment Dynamics

Introduction

The Phillips Curve represents a pivotal concept in macroeconomics, illustrating the inverse relationship between inflation and unemployment rates. This report aims to explore the dynamics of the Phillips Curve, its historical significance, and its implications for economic policy. By examining empirical evidence and theoretical frameworks, the report seeks to enhance understanding of how inflation and unemployment interact in contemporary economies.

Main Body

Histori