Inflation and Unemployment in the UK Economy
4,048 views · Published 16 January 2017 · 3:45 · Indexed 2 October 2026
Channel: tutor2u · 2017 · Education
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!
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