Phillips Curve Mug
a graph correlating inflation against unemployment rates. Using a horizontal axis to represent unemployment, and a vertical axis to represent inflation, A.W. Phillips found the rate of inflation and unemployment in Great Britain for every year between 1861 and 1957. When he had plotted the 97 dots on the chart, he had a rather neat hyperbola convex to the origin of the graph. In other words, if the rate of unemployment was low, the rate of inflation was high, and vice versa. At the time, economists concluded that this was a logical outcome of both being influenced by the rate of interest: if interest rates were low, then unemployment would be low and prices would rise, but if interest rates were high then there would be lots of unemployment and workers would not have much money to spend... so prices would go down. Unfortunately, when economists tried to design policy around this concept they disrupted the smooth relationship. In the years since the 1960's, there has not been a straightforward relationship, and Keynesian economics has had to be drastically revised to a post-Phillips Curve regime. There is some correlation between inflation and unemployment, but the correlation is much more complicated than originally thought. It is quite possible to have high unemployment and high inflation (i.e., a high "misery index").
The Urban Dictionary Mug
Customer Reviews
looks perfect!!! we loved it
I ordered 4 of your mugs -- and have received 3; hopefully, the 4th is on its way! So far, I've received "fame," "620," and "$" ... only needing "hulo." ...It might be a matter of me being patient, that the 4th mug is on its way. However, the 3 received SO far are all EXCEPTIONAL, in every way!!! Mark Moilanen
I love this mug with a burning passion in my heart, I have purchased 7 of these mugs and intend to continue. This mug has changed my life for the better
it's the best mug of the world !!!!!
wow! this mug is so thoughtful to giving to my wife!
The description tells nothing but facts. 5 stars instant
Your description is right on, except in 1989 I named my daughter Kallen Mikel (www.kallenmikel.com/original-art). I thought I made up the name, but apparently, it originated as a boy's name in Greek and Hebrew. I first found this out in 2001 when I was traveling to Finland. In the 'tube food' section in a big Finnish supermarket there it was, a royal blue tube of salmon paste with a blonde-haired boy named Kallen! So now I have discovered that there are many Kallen's of both sexes. I want to buy her a cup, but it has 'him' on it. Is there any way you can make that a unisex description for both sexes? Just askin'. Being a Barbara (Barbs) myself ... a 'cake eater' from Edina, MN I had to ask ... haha ;-)
Thank you for the mug. It arrived fast and exceeded my expectations.
I loved my mug and it came in a timely fashion.
Gave i as a gift to my teacher she loved it
Sent this to a friend who may have originated the term, now part of slang lexicon. He was very pleased. The color is also perfect. Well done!
this mug summs up my entire life
BEST THING EVER I GOT THIS FOR MMY SON AND HE LOVED IT HE SAID THAT THE FINSTTERD GUY IS WHO HE LOVES AND IM FINE WITH THAT I HOPE HE GOT THE GIRL SOMETHING FOR VALENTINES DAY
Shipped very fast and very carefully! Perfect inside joke gift for a friend. ^_^
IT WAS AMAZING!!! BEST MUG EVERRRRR ITS A MUST BUYYYY!!! 🤑🤑🤑🤑🤑🤑🤑
very good for lean 😾😾💪
Damn drinking lean from this hits different. In a good way ofc
As usual very quick professional seller.
ENGAGED IN AN ACT OF COPULATION WITH MY FEMALE PROGENITOR INSIDE THIS MUG 11/10 WOULD ADVISE YOU TO PURCHASE IT
I SHIT IN THIS MUG SO MANY TIMES. Very cool