A Beveridge curve, or UV curve, is a graphical representation of the relationship between unemployment and the job vacancy rate. The curve is a downward sloping locus of unemployment and vacancy combinations that are consistent with the flow into unemployment equalling flow of unemployment.
A Beveridge curve, or UV curve, is a graphical representation of the relationship between unemployment and the job vacancy rate. The curve is a downward sloping locus of unemployment and vacancy combinations that are consistent with the flow into unemployment equalling flow of unemployment.
Source: Wikipedia "Beveridge curve" · CC BY-SA 4.0
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