AP Macroeconomics Flashcards: The Phillips Curve

Study The Phillips Curve in AP Macroeconomics with focused flashcards that help you recognize the idea, recall the key rule, and apply it in practice-style prompts.

QUESTION

If unemployment is below $u_n$ , what happens to inflation over time as expectations adjust?

Tap card or press Space to flip

ANSWER

Inflation tends to rise; SRPC shifts up until unemployment returns to $u_n$ . Tight labor markets drive wages and prices up, shifting SRPC upward.

1 / 40

AP Macroeconomics: Long-Run Consequences of Stabilization Policies

Crowding Out34 cards

Economic Growth39 cards

Government Deficits and the National Debt39 cards

Monetary Growth and Inflation36 cards

Public Policy and Economic Growth38 cards

Short Run Fiscal Actions39 cards

You are hereThe Phillips Curve40 cards

All flashcards

40 cards

What this deck covers

This deck focuses on The Phillips Curve, giving you a quick way to review the definitions, rules, and examples that matter most for AP Macroeconomics.

How to use these flashcards

Work through these flashcards in short sessions. Try to answer each prompt before flipping the card, then revisit any cards you miss until the explanation feels automatic.

Practice questions

1 of 7Practice questions for this set

Based on the short-run Phillips Curve shown, the economy moves from point

A

to point

B

due to a decrease in aggregate demand. Which change is illustrated in the short run?

Choose an answer

Keep your progress across every deck

Free account · cards you mark are saved to it