Search results with tag "Phillips curve"
AP Macroeconomics 2013 Free-Response Questions
secure-media.collegeboard.org(a) Draw a correctly labeled graph of a short-run Phillips curve. (b) Using your graph in part (a), show the effect of an increase in the expected rate of inflation. (c) What is the effect of the increase in the expected rate of inflation on the long-run Phillips curve? (d) Given the increase in the expected rate of inflation from part (b),
Econ 102 Homework #9 AD/AS and The Phillips Curve
www-personal.umich.eduThis is a change in government purchases, G. Since G is one component of aggregate demand, this increase will shift the AD curve to the right. The size of the shift may be larger or smaller than the increase in purchases itself, $100 billion. There is a …
The Impact of Government Spending on Economic Growth
www.ohu.people.ysu.edubetween inflation and unemployment (the Phillips Curve) and that government officials should increase or decrease government spending to steer the economy between too much of one or too much of the . other. Keynesian economics was very influential for several decades and