Phillips Curve Tee
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 Tee
Customer Reviews
Got it for a friend! He loved it
Size was accurate, and printed text was as displayed online. Doesn't hurt that the material is pretty soft either.
mine says "ass" on it lol
Good Decent, comfortable by all means
My wife bought this for me, my only thing about the shirt, is the big Vernon on the front. I think I would prefer it situated and smaller type as if overva pocket. Other than that I love it. Seems to be of good quality and easy wearability, but I have only tried it on, so am uncertain. Thank you for making my day
shirt made me cum
Dick Aww man I love this shirt for eating
people shat on my shirt that said shart and im mad they took a shit on it instead of a shart
Necero's shirt i can use this in almost every phrase. This shirt allows me to do some great stuff with my kids and grandkids! i'd love for anyone who says same to get this shirt!
Bad! Why is this T-shirt named shitty fucking??What a bad name it is!Recommend?Never!😡
The shirts are amazing! I will be ordering again. And recommend them to others 🙂
My UD shirts are my favorites. They fit well, last long, and are unique. I always have people reading my back.
Amazing This shirt is SOOOOO comfortable and I love the definition
BEST SHIRT OF ALL TIME THIS IS THE BEST SHIRT OF ALL TIME. LITERAL FUCKING HELL OF A PLACE HAS BECOME A PART OF MY EVERDAY VOCABULARY AND I RECOMMEND IT FOR ANYONE WHO IS FORCED TO SIT IN A PLACE THEY HATE FOR AN HOUR EVERDAY. GO BUY THE MUG, SHIRT, OR SWEATSHIRT NOW!
Awesome tshirt This tshirt is awesome but my name isn't actually Jayson but i bought it for his b-day
good is it very. i like shirt much,,,,, it contabfortable like it i do.
The Fucklix t shirt is perfect but I am still waiting for the xlarge I ordered. These are gifts and will be just what is needed. Hope I receive the xlarge soon then it's time to give them to the people I ordered them for. So glad I saw them . Thanks.
My wife loves it. Nice quality and so funny for the wearer. Thank you!
The shirt fit amazing, package was shipped rather fast! Thank you so much..
It is absolutely perfect and I love wearing it. Thank You.