Changes in the AD-AS model and the Phillips curve
https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-long-run-consequences-of-stabilization-policies/the-phillips-curve/v/macroeconomics-the-long-run-phillips-curve-lrpc
WEBAbout. Transcript. Economists who studied the relationship between inflation and unemployment made an important modification to the Phillips curve model with the addition of the long-run Phillips curve (LRPC). When expectations are factored in, and there is enough time to adjust, the Phillips curve is vertical. Explore why in this video. …
DA: 45 PA: 53 MOZ Rank: 61