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5.2.1 The Short-run Phillips Curve

Part of Long-Run Consequences of Stabilization Policies in AP® Macroeconomics. Read the opening section, then create a free account for the full interactive lesson, practice, and progress tracking.

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What is the Short-run Phillips curve?

The short-run Phillips Curve is an economic concept that illustrates the relationship between unemployment and inflation in the short-run. It demonstrates how these two key economic variables are interconnected and how policymakers might face trade-offs between them.

In this unit

8 lessons

  1. 5.1Fiscal and Monetary Policy Actions in the Short RunPreview lesson
  2. 5.2.1The Short-run Phillips CurveThis lesson
  3. 5.2.2The Long-run Phillips CurvePreview lesson
  4. 5.3Money Growth and InflationPreview lesson
  5. 5.4Government Deficits and the National DebtPreview lesson
  6. 5.5Crowding OutPreview lesson
  7. 5.6Economic GrowthPreview lesson
  8. 5.7Public Policy and Economic GrowthPreview lesson

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