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This The Phillips Curve instructional video also includes:
How does employment affect wages and prices? Can this really all be explained by a simple curve? Here you will find a brief video clip that uses cartoon animations to explain the correlation between employment and inflation according to the Phillips curve, as well as historical moments of inconsistency.
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CCSS:
Adaptable
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Classroom Considerations
- This video is hosted on YouTube
Pros
- Cartoon graphics help to illustrate concepts
- Brief and to-the-point
Cons
- Moves very quickly through the concept, really best used as a summary