Relationship Between Inflation and Unemployment | Macroeconomics

Summarize videos instantly with our Course Assistant plugin, and enjoy AI-generated quizzes: bit.ly/ch-ai-asst Learn all about the relationship between inflation and unemployment in just a few minutes! Professor Jadrian Wooten of Penn State University explains the origins and assumptions of the Phillips Curve and the inverse relationship between wage inflation and unemployment.
Learn all about Macroeconomics in Course Hero's study guide here: www.coursehero.com/sg/macroec...
Explore Course Hero’s collection of course and literature study guides here: www.coursehero.com/sg/
About Course Hero:
Course Hero helps empower students and educators to succeed! We’re fueled by a passionate community of students and educators who share their course-specific knowledge and resources to help others learn. Learn more at www.coursehero.com.
Master Your Classes™ with Course Hero!
Get the latest updates:
Facebook: / coursehero
Twitter: / coursehero

[@yeabseratesfaye7788]

THANKS! Very helpful.

[@MJPerformance88]

So inflation and unemployment always go in opposite directions, right?

[@valentinrafael9201]

Saying "natural state of unemployment" alone is proof that it's flawed. A lot of folks believe there's a "NATURAL COURSE" or a "DESIGN"

[@chocolatedoritos5498]

so how and why again?

[@SaeedG1999]

😂 Ireland 🇮🇪 0:36

[@summermora5695]

Some segments in the video are stamped not adjacent to each other

[@raulkurbanov6762]

fcn music in backround annoying

[@ladiesman218]

So either way we're screwed??!

[@bob1503]

No, Mr. Ladiesman, because the natural unemployment isn't necessarily a bad things. It's those in transitional unemployment between jobs or no longer technically qualified to work for the short term, so they shift skills and get new jobs. It's a necessary part of the economy, sir. Hope this made it clearer!

[@nemoh1649]

good, but why?

[@ggs915]

I can't find that answer dude 💀 tell me if you got it