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There have been high critiques for the validity of the downward sloping Phillips Curve after the 1970's periods of stagflation, however, A.W. Phillips has already

There have been high critiques for the validity of the downward sloping Phillips Curve after the 1970's periods of stagflation, however, A.W. Phillips has already provided an explanation of such critique because

A.W. Phillips excluded the periods of high international influence in which this was the factor that caused the 1970's stagflation in the US (after the oil crises in 1973)

A.W. Phillips included the periods of high international influence in which this was not the factor that caused the 1970's stagflation in the US (after the oil crises in 1973)
A.W. Phillips excluded the periods of high international influence in which this was not the factor that caused the 1970's stagflation in the US (after the oil crises in 1973)

A.W. Phillips included the periods of high international influence in which this was the factor that caused the 1970's stagflation in the US (after the oil crises in 1973)

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