Relationship: Unemployment & Inflation (NAIRU & Phillips’ Curve)
This video marks the beginning of a very important series where I will be thoroughly unpacking the links between different economic issues, looking at their short term and long term impacts with each other.
Today, I’ll be starting with the relationship between unemployment and inflation. This includes concepts such as NAIRU, full employment, the short-run and long-run Phillips’ Curve.
Head to https://www.hsceconme.com for more resources and tutoring with me!
Subscribe to the channel and follow our socials to stay up to date!
Types and Causes of Unemployment: • Unemployment (Part 2): The Types and Causes
Types and Causes of Inflation: • Inflation (Part 2): Types and Causes
Inflation Made Easy playlist: • Inflation made easy
Unemployment Made Easy playlist: • Unemployment made easy
Economic Relationships Made Easy playlist: • Economic Relationships made easy