Phillips Curve
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
Urban Dictionary. Mixes truth with lies. Keeps a record. Thanks for the truthful parts, bro. 🙏💪✝️
I wish I had this mug I SOOOO wish I had this mug! I never find anything that has my name on it unless I have it custom made. I'm actually quite surprised that 'Lani' is on the Urban Dictionary... And the definition is pretty accurate ;)
really awesome mug I gave this mug as a secret Santa gift and and my cousin still uses it to this day. It is truly a awesome mug and it deserves 5 stars.
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You can't get a mug from any other dictionary site
Was quality and delivered quick our friend loved it!
Quality and style are outstanding relative to price point.
Quick delivery, easy ordering, unique and special gift!
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Perfect cuup of coffee size, and the printing is spot on!
Arrived speedily and exactly as pictured.
I LOVE GETTING THE FUCKING MUG
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Can we really send one to Trump? That's where mine is going. Anyone who gets it will see it as a compliment, I'm sure. Love my mug and love that new "urban dictionary" term: Celebritrash. It'll be in the mainstream dictionaries next week.
My friend saw the message on the cup ordered at a mutual friends house. We think it’s hilarious so had to put it on a coffee cup. Funny, great Christmas present. If she can’t use in public she can always use at home for pens and pencils on her desk!
Bought the "Bump Down" mug for my boyfriend, he thought it was the greatest and couldn't believe I'd actually found something with the phrase on it!
Great mug but i can't manage to get it out of my asshole again
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