1. AP ECONOMICS: November 13
Warm-up: What may cause the NRU to change?
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 in the LRAS-AS-AD Model.
--relating SRPC to AD; AS curve shifts; inflationary expectations
--begin Worksheet 34.2 (HO) Assignment: study for Phillips Curve Quiz (QUIZ IS TOMORROW)
--conclude Worksheet read Module 40
--watch videos at Mr. Clifford’s web site (AC-DC Eco.) --FRQs #8 and #9 are Friday