Introduction to the Phillips Curve Analysis

Introduction to the Phillips Curve Analysis - Unemployment...

Info iconThis preview shows pages 1–15. Sign up to view the full content.

View Full Document Right Arrow Icon
Introduction to Phillips Curve Analysis Professor John R. Crooker, Ph. D. Chapter 35: pages 801-825. Principles of Macroeconomics
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Aggregate Demand Shock
Background image of page 2
Inflation & Unemployment Space
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Tracing out a Phillips Curve
Background image of page 4
The Inflation & Unemployment Trade- Off
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Can Policy Makers exploit the trade- off?
Background image of page 6
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 8
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 10
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 12
Background image of page 13

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 14
Background image of page 15
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Unemployment is Not a Choice Long-Run Equilibrium Short Run Equilibrium but not a Long-Run Equilibrium Inflation Expectations shifts the Short Run Phillips Curve A link in Expectations Supply Shocks Stagflation? Shocks to the Phillips Curve A New Long-Run Equilibrium...
View Full Document

{[ snackBarMessage ]}

Page1 / 15

Introduction to the Phillips Curve Analysis - Unemployment...

This preview shows document pages 1 - 15. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online