Phillips Curve has both the linear and the non-linear slopes, and both of them are very near to zero. Things are consistent with the common and the general view, and this causes flattening of the Phillips Curve. However, you can say that the wage Phillips Curve is greater resilient, and it is extremely evident and functional in the present era. Phillips Curve acts as a guide for the financial policymakers, and it is the right economic graph fitted to the present scenario.