Advanced Placement (AP), 21.05.2020 03:02, 203888

Phillips Curve Problems Set
1.
Assume that the United States economy is operating at full employment. Draw a correctly labelled graph of the
short-run and long-run Phillips curve.
Assume that major political events stop the delivery of foreign oil to the US.
On the Phillips Graph, show how this SRAS shift would affect the Phillips model.

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Phillips Curve Problems Set
1.
Assume that the United States economy is operating at ful...