Phillips curve

noun

Phil·​lips curve
¦filə̇ps-
: a graphic representation of the relation between inflation and unemployment which indicates that as the rate of either increases the rate of the other declines

Word History

Etymology

after A.W.H. Phillips †1975 British (New Zealand-born) economist

First Known Use

1959, in the meaning defined above

Time Traveler
The first known use of Phillips curve was in 1959

Love words?

You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

  • More than 250,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!

Dictionary Entries Near Phillips curve

Phillips code

Phillips curve

phillipsite

See More Nearby Entries 

Cite this Entry

“Phillips curve.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Phillips%20curve. Accessed 30 Nov. 2024.

Copy Citation

Share

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

Popular in Grammar & Usage

See All

How to Use Em Dashes (—), En Dashes (–) , and Hyphens (-)

Plural and Possessive Names: A Guide

The Difference Between 'i.e.' and 'e.g.'

Why is '-ed' sometimes pronounced at the end of a word?

What's the difference between 'fascism' and 'socialism'?
See All

Popular in Wordplay

See All

Terroir, Oenophile, & Magnum: Ten Words About Wine

8 Words for Lesser-Known Musical Instruments

10 Words from Taylor Swift Songs (Merriam's Version)

9 Superb Owl Words

15 Words That Used to Mean Something Different
See All

Games & Quizzes

See All
Play Quordle: Guess all four words in a limited number of tries. Each of your guesses must be a real 5-letter word.
Quordle Can you solve 4 words at once?
Play Blossom: Solve today's spelling word game by finding as many words as you can using just 7 letters. Longer words score more points.
Blossom Word Game Pick the best words!
Play Missing Letter: a crossword with a twist. Each of the 25 puzzle words start with a different letter of the alphabet. Which letter is missing?
Missing Letter A daily crossword with a twist
sweet smart pug puppy dog sitting in front of blackboard with chalk question marks
Commonly Confused Words Quiz Vol. 3 Do you have a (flare/flair) for choosing the righ...