The relationship between wage inflation and unemployment(Phillips Curve)is controversial in economic thought,and the controversy is centered around whether there is always a trade-off or not.If this relati-onship is n...The relationship between wage inflation and unemployment(Phillips Curve)is controversial in economic thought,and the controversy is centered around whether there is always a trade-off or not.If this relati-onship is negative it is called The short-run Fillips Curve.However,in the long run,this relationship may probable not exist.The matter of how inflation and unemployment influence economic growth,is debatably among macroeconomic policymakers.This study examines the behavior of the Phillips Curve in Sudan and its effect on economic growth.展开更多
文摘The relationship between wage inflation and unemployment(Phillips Curve)is controversial in economic thought,and the controversy is centered around whether there is always a trade-off or not.If this relati-onship is negative it is called The short-run Fillips Curve.However,in the long run,this relationship may probable not exist.The matter of how inflation and unemployment influence economic growth,is debatably among macroeconomic policymakers.This study examines the behavior of the Phillips Curve in Sudan and its effect on economic growth.
