RELATIONSHIP BETNJEEN INFLATION AND UNEMPLOYMENT MACRO MODEL
Journal Title: Acta Economica - Year 2005, Vol 3, Issue 3
Abstract
In this paper we consider quantitative relation between two microeconomic categories: unemployment and inflation. Or, subject of research is macro-economic model which has who variables (unemployment and inflation). In economic literature relation between quoted variables known as Phillips →s model. Therefore, base of quoted quantitative relation is that model, with expedition. In the article we derived solutions of the noted models.
Authors and Affiliations
Ratko Kravarušić, PhD, Stanko Stanić
Keywords
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