Inflation And Unemployment Trade Off In Nigeria Phillip Curve

This study investigated the relationship between unemployment and inflation in Nigeria. The model specified unemployment as a function of inflation. The statistical tests used were simple percentage and the chi-square statistics. Based on the above tests carried out, the study found out that: Inflation significantly impacted unemployment in Nigeria both in the long run and short run. This implies that increase in government expenditure reduces unemployment, it can also be inferred from the result that government spending creates employment to the extent that inflation remains within the single…