Which economist expressed a statistical relationship between the rate of growth of money wages and unemployment?
A)J)M. Keynes
B)A) W. Phillips
C)M) Friedman
D)J) A. Hobson

Question

Quizplus · Accepted Answer

A.W. Phillips is the economist who expressed a statistical relationship between the rate of growth of money wages and unemployment.
Key Takeaway: Professor A. W. Phillips plotted a statistical relationship between the rate of growth of money wages (inflation) and unemployment in 1958. His theory lead to a discussion of inflationary pressure on unemployment and development of the Phillips Curve.

Which Economist Expressed a Statistical Relationship Between the Rate of Growth