AP ECONOMICS: November 13

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AP ECONOMICS: November 13 Warm-up On two separate loanable funds market graphs, show: (1) a change in SLF and cite a scenario why SLF may change; and (2) a change in DLF and cite a scenario why DLF may change. Learning Target In order to gain an understanding of the inflation-unemployment tradeoff, I will learn about the Phillips Curve (PC). I will know I have it when I can: (1) draw an appropriately labeled Phillips Model; (2) relate changes in the short-run Phillips Curve (SRPC) to changes in AD and AS in the LRAS-AS-AD Model. Phillips Curve (HO) --background & graph of PC --relating SRPC to AD --relating SRPC to AS --inflationary expectations --Phillips Curve practice (as time permits) Assignment --Study for loanable funds quiz (quiz is TOMORROW) --make sure you have watched your Unit 5 GC videos