This object was generalized as the triangle model by Robert J. Gordan. Irving Fisher claimed to have discovered it and Edmund Phelps formulated the expectations-augmented form of it. NAIRU theory holds that the long-term one is a vertical line. Milton Friedman attacked it during the 1970's, citing an increase in both of its
This object was generalized as the triangle model by Robert J. Gordan. Irving Fisher claimed to have discovered it and Edmund Phelps formulated the expectations-augmented form of it. NAIRU theory holds that the long-term one is a vertical line. Milton Friedman attacked it during the 1970's, citing an increase in both of its variables, known as stagflation. For ten points, name this curve developed by a New Zealand-born economist that posited an inverse relationship between unemployment and inflation.
This object was generalized as the triangle model by Robert J. Gordan.
{Phillips} curve