The Phillips Curve represents a policy trade-off between inflation and unemployment; meaning that policy makers can choose to increase inflation and reduce unemployment

In the 1950s, A.W. Phillips, an economist at the London School of Economics, was studying the Keynesian analytical framework. phillip curve shows inverse relationship between inflation and unemployment. it is true that phillips curve have inverse relationship between and policy make choose to increase inflation and reduce unemployment in the economy. an economy may prefer between low inflation and high unemployment, or high inflation and low unemployment, or in between. according to phillips curve policy Fiscal and monetary policy cab be used to move up or down the Phillips curve as desired.

leaving the current pandemic condition , earlier most of economies that are facing inflatio condition they also have less unemployment. some of countries are experiencing that rising inflation rate wll reduce the unemployment problem to some extent.