Textbook Notes (369,099)
United States (206,205)
Economics (294)
ECON 201 (43)
Chapter 22

ECON 201 Chapter 22: Short run tradeoff between inflation and unemployment

2 Pages

Course Code
ECON 201
Naveen Sarna

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run, tude off in tahom ur shows short employm loym that inflation floho shows Combou oft in ftoa on Shins in Ap currt more e M o my alon unemployment umem, duemot deal. urn tong nun Cune A to long runs in cum Shifts to nght Claim Churns to normal or adTon ard rate autoMy finn costs and prices, shiCHng AS and Phillips cume AS deuraped surpluh lowers Trade off bt ue B out? ut and roues Pz ine adion A to Cun of annual oud-a, acvitice root a-ti of "la points ntation Dolo
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