Phillips curve worksheet: label the short-run and long-run adjustment

An example figure from the Phillips Curve generator.

Black and white Phillips curve graph with no numbers, axes titled Inflation rate and Unemployment rate: two short-run Phillips curves sloping down and a vertical long-run Phillips curve; three points, one where the lower short-run curve crosses the vertical line, one up and to the left along that curve, and one where the upper curve crosses the vertical line; arrows from point to point and from the lower curve to the upper one; dashed lines to both axes; and a blank line for students to write each curve’s name, each point’s letter and the two inflation rates and two unemployment rates at the axes — A worksheet version of the long-run adjustment graph, in black and white with no numbers on the axes. Two short-run Phillips curves, a vertical long-run Phillips curve, three points and dashed lines to the axes are drawn, with arrows from point to point and from one short-run curve to the other. Every curve name, point letter and rate at the axes is a blank line for students to fill in.

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