Word Count : 453

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ऊर्घवाकार दीर्घावधि फिलिप्स वक्र (Vertical Long-run Phillips Curve) तथा ऋणात्मक ढलान वाली अल्पावधि फिलिप्स वक्र (Negatively Sloped Short-run Phillips Curve) के बीच संबंध को समझने के लिए हमें मुद्रास्फीति (Inflation) और बेरोजगारी (Unemployment) के बीच संबंध को दो अलग-अलग समयावधियों — अल्पावधि और दीर्घावधि — में देखना होता है। अल्पावधि में फिलिप्स वक्र यह दर्शाता है कि मुद्रास्फीति और बेरोजगारी के बीच एक प्रतिलोम (inverse) संबंध होता है। अर्थात् जब मुद्रास्फीति दर बढ़ती है, तब ________ ____ ________ ______ _______ _______.
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