misery index
a number that is the sum of the unemployment rate and the inflation rate. It reflects the overall caliber of a country's prior economic management.
The term was coined by Arthur Okun and was inspired by the Phillips Curve.
The term was coined by Arthur Okun and was inspired by the Phillips Curve.
During the 1980's and '90's, Austria had the lowest misery index in the world. Unemployment rates AND inflation rates were almost nil.
misery index by Abu Yahya February 14, 2009
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