1. 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