Phillips Curve - PowerPoint PPT Presentation


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Phillips Curve. . . Inflation. Unemployment. . .. .. .. . . . . . . A. B. C. . . . . . . Real GDP. PriceLevel. SRAS. LRAS. FE. . . . . . . RDP2. RGDP*. RGDP1. . . AD. . PL*. . AD1. . PL1. . AD. . PL2. . . . . . . . . SRPC. The Short-Run Phillips Curve illustrates the Trade-off between Inflation a

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