Occasional Tweets: Economists have no idea about the relationship between inflation and employment

 

#LearnEconomics#Employment

The axiomatically correct #Macroeconomic #EmploymentLaw tells one that #Employment L decreases if #PriceInflation P is higher than #WageRateInflation W. There is NO #Tradeoff between “unemployment” and “inflation”. pic.twitter.com/gu7W4zAV2i

— E.K-H (@AXECorg) July 22, 2022

For details of the big picture see cross-references Employment/Phillips Curve.