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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 from a higher to a lower condition/place. 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. group together.

/ˌəndərˈstand/

verb

perceive intended meaning of.

/ikˈsplôr/

verb

To travel to a place to discover more about it.

/kənˈso͞omər/

noun

Person who buys goods or services.

/ˈneɡədiv/

adjective exclamation noun verb

Being harmful, unwanted or unhelpful. no. Image on camera film used to make a photo. refuse to accept.

/ˈdemənˌstrāt/

verb

To display a feeling or ability openly.

/ˈmeZHər/

noun other verb

plan or course of action. Plan to achieve a desired result. determine size or amount.

/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 act on behalf of others in government.

noun verb

Amount by which something has been reduced. To reduce the size, amount or number of something.

/rəˈlāSH(ə)nˌSHip/

noun

Way people interact or live with each other.

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