Phillips curve help?!
Business and management exam discussion - share revision tips in preparation for GCSE, A Level and other business and management exams and discuss how they went afterwards.
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Phillips curve help?!
Hi
I understand the concept of the Phillips curve, but i'm stuck on a few things! :
1) This is Keynesian approach/view right?
2) To move off the point, lets say A, to reduce unemployment and increase inflation you need to have rises in AD. What are some ways in which this can take place?
3) Can supply side policies actually lower the NAIRU/natural rate of unemployment?
Thanks! -
Phillips curve help?!
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