1 thought on “What does LPC mean in macroeconomics?”
Nelson
LPC refers to the long -term Phillips curve The Philips curve indicates that there is a curve of alternating relationships with inflation. When the inflation rate is high, the unemployment rate is low; when the inflation rate is low, the unemployment rate is high.
LPC refers to the long -term Phillips curve
The Philips curve indicates that there is a curve of alternating relationships with inflation. When the inflation rate is high, the unemployment rate is low; when the inflation rate is low, the unemployment rate is high.