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The Phillips Curve - Inflation vs Unemployment

2,817 views

Intro:

Video Vocabulary

/bəˈtwēn/

adverb preposition

in space separating things. Among two or more people who share something.

/ˈdounwərd/

adjective adverb

moving or leading towards lower place or level. towards lower place or level.

/rəˈseSH(ə)n/

noun other

period of temporary economic decline during which trade and industrial activity are reduced, generally identified by fall in GDP in two successive quarters. Decreased business activity, when work is scarce.

adjective noun verb

forming total. whole. To gather, involve or combine into a single group.

/ˌəndərˈstand/

verb

To know the meaning of language, what someone says.

/ikˈsplôr/

verb

To travel to a place to discover more about it.

/kənˈso͞omər/

noun

person who purchases goods and services.

/ˈneɡədiv/

adjective exclamation noun verb

Focusing on the bad aspects; pessimistic. no. The opposite to a positive electrical charge. refuse to accept.

/ˈdemənˌstrāt/

verb

To show how something works (e.g. product).

/ˈmeZHər/

noun other verb

plan or course of action. Tools used to calculate the size of some things. To determine the value or importance of something.

/ˌənəmˈploimənt/

noun

State of not having a job.

/əˈkänəmē/

adjective noun

offering best value for money. state of area regarding production and consumption of goods and services.

/ˌreprəˈzent/

verb

To depict art objects, figures, scenes; to portray.

noun verb

instance of becoming smaller or fewer. To reduce the size, amount or number of something.

/rəˈlāSH(ə)nˌSHip/

noun

Connection between two or more people or things.

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