AP ECONOMICS: April 12 --Loanable Funds Market Quiz (HO)

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Presentation transcript:

AP ECONOMICS: April 12 --Loanable Funds Market Quiz (HO) AP Economics 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 Curve; and (2) relate changes in the short-run Phillips Curve (SRPC) to changes in aggregate demand (AD) and aggregate supply (AS) in the LRAS-AS-AD Model. The Phillips Curve (HO from yesterday) --relationship between change in AS and the Phillips model --hypothetical problem with self-correction Assignment --make sure Unit 5 GC assignments have been completed