The Phillips curve suggests that an increase in inflation will always lead to a decrease in unemployment, regardless of other economic factors.

The Phillips curve is an economic concept that shows a relationship between inflation and unemployment. It suggests that when inflation rises, unemployment tends to fall, and vice versa. This happens because higher inflation can lead to increased spending by businesses and consumers, which creates more jobs. However, this relationship is not always true in the long term, as other factors like government policies or global events can affect both inflation and unemployment. For example, after a recession, a country might experience high unemployment and low inflation, showing that the Phillips curve does not always hold in every situation.