The Phillips Curve
Students explore the short-run and long-run relationship between inflation and unemployment.
Key Questions
- Explain the short-run trade-off between inflation and unemployment as depicted by the Phillips Curve.
- Analyze the factors that can shift the short-run Phillips Curve.
- Differentiate between the short-run and long-run Phillips Curves and their policy implications.
National Curriculum Attainment Targets
Suggested Methodologies
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