Examlex
Explain the basis of affirmative action and the manner in which it has been addressed by the Supreme Court.
Inverse Relationship
A situation where two variables move in opposite directions, meaning when one variable increases, the other decreases, and vice versa.
Alban William Phillips
Alban William Phillips was a New Zealand economist best known for the Phillips Curve, which suggests a historical inverse relationship between rates of unemployment and corresponding rates of inflation.
Phillips Curve
An economic theory suggesting an inverse relationship between rates of unemployment and corresponding rates of inflation, indicating trade-offs between these two economic variables.
Rate of Unemployment
The segment of the labor force that is without a job and actively on the look out for employment opportunities.
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