Relationship Between Inflation and Unemployment | Macroeconomics

Summarize videos instantly with our Course Assistant plugin, and enjoy AI-generated quizzes: bit.ly/ch-ai-asst Learn all about the relationship between inflation and unemployment in just a few minutes! Professor Jadrian Wooten of Penn State University explains the origins and assumptions of the Phillips Curve and the inverse relationship between wage inflation and unemployment.
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[@yeabseratesfaye7788]

THANKS! Very helpful.

[@summermora5695]

Some segments in the video are stamped not adjacent to each other

[@chocolatedoritos5498]

so how and why again?

[@MJPerformance88]

So inflation and unemployment always go in opposite directions, right?

[@SaeedG1999]

😂 Ireland 🇮🇪 0:36

[@raulkurbanov6762]

fcn music in backround annoying

[@ladiesman218]

So either way we're screwed??!

[@bob1503]

No, Mr. Ladiesman, because the natural unemployment isn't necessarily a bad things. It's those in transitional unemployment between jobs or no longer technically qualified to work for the short term, so they shift skills and get new jobs. It's a necessary part of the economy, sir. Hope this made it clearer!

[@valentinrafael9201]

Saying "natural state of unemployment" alone is proof that it's flawed. A lot of folks believe there's a "NATURAL COURSE" or a "DESIGN"

[@nemoh1649]

good, but why?

[@ggs915]

I can't find that answer dude 💀 tell me if you got it