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Meet the short run Phillips curve

Meet the short run Phillips curve

Short run Phillips curve with inflation rate on the vertical axis and unemployment rate on the horizontal axis, showing a move from A at 2% inflation and 7% unemployment to B at 5% inflation and 4% unemployment after a rise in aggregate demand

The short run Phillips curve (SRPC) plots the inflation rate against the unemployment rate. Because it slopes downward, it suggests an inverse short-run relationship: lower unemployment is often associated with higher inflation.

The short run Phillips curve Lesson

  1. A Level
  2. /Economics
  3. /The short run Phillips curve

Step-by-step lessons on Eduqas A Level Economics The short run Phillips curve. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons