Phillips Curve EVERYTHING FINAL 2

*%

*%

*%

up

down

UN%

UN%

UN%

up

down

Unemp. Rate %

Infation
Rate %

same

Phillips Curve Graph

*%

*%

*%

up

down

UN%

UN%

UN%

up

down

Unemp. Rate %

Infation
Rate %

same

Move the dot along the SRPC or a shift in the SRPC inward or outward.

Move the dot along SRPC, move SRPC, move LRPC, move LRPC dot.

PLf

PLc

PLc

up

down

Yf

Yc

Yc

up

down

RGDP = Y

PL

ASAD Graph

up

*%

*%

*%

down

UN%

UN%

UN%

up

down

Unemp.
Rate %

Infation
Rate %

same

Phillips Curve Graph

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Comparing the ASAD graph and the Phillips Curve Graph.