The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

PHILLIPS CURVE Definition & Legal Meaning

Definition & Citations:

The Phillips curve is a graphic depiction of the inversely proportional relationship that exists between the levels of unemployment, and the wages of a person. The main idea of the Phillips curve is for the government to maintain a balance between the two.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.