Inflation and Unemployment in the UK Economy

4,048 views · Published 16 January 2017 · 3:45 · Indexed 2 October 2026

Channel: tutor2u · 2017 · Education

Watch on YouTube

This short revision video looks at key changes in the inflation and unemployment rate for the British economy over the last twenty years. A quick look at the data tells us that the idea of a stable, predictable short run trade-off between inflation and unemployment - two key macroeconomic objectives - is an idea that remains best suited to remain in the textbooks rather than reality!

More from this channel