Short-run and long-run Phillips curve graph (SRPC and LRPC)

An example figure from the Phillips Curve generator.

Phillips curve graph with no numbers on the axes, Inflation rate up the side and Unemployment rate along the bottom: a blue curve labeled SRPC sloping down and bending, flatter toward the right, crossing a vertical red line labeled LRPC at point A, with a dashed line across from A to the inflation axis, labeled π, and the LRPC meeting the unemployment axis at uₙ — The short-run Phillips curve (SRPC) slopes down and bends, steep at low unemployment and flatter at high unemployment, and crosses the vertical long-run Phillips curve (LRPC) at point A. The LRPC stands at the natural rate of unemployment, labeled uₙ on the unemployment axis, and a dashed line runs across from A to the inflation rate π. The axes have no numbers, as AP Macroeconomics graphs are drawn.

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