18

PHILLIPS cURVEI
(PHILLIPs CURVE: AN
ANALYSIS
I S OF OF

, a1TRT 7 ATR
UNEMPLOYME
UNEMPLOYMENT AND INFLATION
fea:
a tATT 4aNeT m. q.
aroa (A. W. Phillips)
861 r
1957 5 A1 5 T.

1-761TT 5 Za U TA AA
(Cost-push) 1H4T Him-aa (Demand-pull) *
 232 3H2NIIA

3F9TTattTET 77 a7TT 5.5% ETAT E

H
w
fzi ah PC

a 46 PC
, rataa 1 74 aUTT 2
sfam

2
T1 afa afarat e4 3TECOI Zfat 2 sfTm
2

.5

(Prof. Samuelson & Solow) H a% HfT BTI T TT ATEU Fi

 5h74

233

(CRITICISM OF PHILLIPS
CURVE OR MONETARIST
CHALLENGE TO PHILLIPS CURVE)
fqd aTRATa T
(Conclusions
.47 (Prof. J. not Real)
A.
Pechman) UHT, fafeo 3zra1 q] H
H2

(2) 3164c6TA AyTUT (Short-run

Analysis)

TET TE TT 34 127 a r . ss4 vi (Friedman and Phelps) a

Accelerationist Hypothesis 4 TAI AI ÈIsm TR 4CI
5AHT ETAT E HUTC45 àITAt (Frictional Unemployment) 1ge

(MODIFICATION IN PHILLIPS CURVE)

. aifaa zfeau (Prof. Tobin's View Regard-

()fnteoa a 3TT H
Curve)
ing the Shape of Phillips Y

ET AT
TE FATT TE
(critical) A7-7

(Kinked I EI GHI y6 HTT AT

shape)

faa 2
234

AT

zentu (Solow's View)

i) a

HT45 7 G T (Vertical) 14T A

1EUTTCG 7 a (Horizontal) ETT
HT f a-3 Tateia PTAI faa
TPIRT (TRTA)
3

fq (Conclusion)

PC

PC

U 2

4
Tstera 235