<bos><start_of_turn>system
You are a helpful AI assistant.
lista de codigos linguisticos disponibles: ["fr", "en"].<end_of_turn>
<start_of_turn>user
Qu’est-ce que la courbe de Phillips et comment illustre-t-elle le compromis entre inflation et chômage ?<end_of_turn>
<start_of_turn>model
The Phillips Curve depicts an inverse relationship between inflation and unemployment in the short run. The theory suggests that policymakers face a trade-off: they can reduce unemployment through expansionary policies, but this may lead to higher inflation, and vice versa. The Phillips Curve implies that there is no permanent trade-off between inflation and unemployment in the long run. In the long term, inflation expectations adjust, and the economy returns to the natural unemployment rate. Policymakers must carefully consider this trade-off when formulating economic policies, striving to strike a balance that achieves both stable prices and low unemployment without causing undue distortions.

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