Phillips curve Cheat Sheet

Tentative cheat sheet,,, I will be changing/adding some clarification in the next week. But here is the older cheat sheet. Helpful, I think, for matching the FRQ's with the Curve.

Notice:

• a change in AD is a movement up/down the SRPC
• a change in SRAS is a shift of the SRPC
• There is no trade-off between inflation and employment in the Long-run.