Instructional Video

Khan Academy: Changes in the Ad as Model and the Phillips Curve

Curated by ACT

Economists who studied the relationship between inflation and unemployment made an important modification to the Phillips curve model with the addition of the long-run Phillips curve (LRPC). When expectations are factored in, and there is enough time to adjust, the Phillips curve is vertical. Explore why in this video.

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Resource Details
Grade
10th - 12th
Subjects
Social Studies & History
2 more...
Audiences
For Administrator Use
2 more...
Instructional Strategy
Independent Practice
Lexile Measures
0L