Council for Economic Education
Econ Ed Link: Phillips Curve
This lesson explores the relationship of unemployment to inflation in the 1960s and after. Young scholars will discover the short-run trade-off between inflation and unemployment when unemployment is less than its natural rate. Students...
Econoclass
Econoclass: Spending and Output Strings
In this classroom activity, "output" cards and "spending" cards are placed on a string. As each increase or decrease, the economy faces more unemployment or inflation. A good visual device to study the relationships among output,...
Khan Academy
Khan Academy: The Phillips Curve in the Keynesian Perspective
Read about how we can use the Keynesian perspective to think about the common tradeoff between low inflation and low unemployment.
Texas Education Agency
Texas Gateway: Ch. 12: The Policy Implications of the Neoclassical Perspective
By the end of this section, you will be able to do the following: Discuss why and how inflation expectations are measured, Analyze the impacts of fiscal policy and monetary policy on aggregate supply and aggregate demand. Explain the...
The Federal Reserve System
Federal Reserve Board: The Economic Outlook and Challenges for Monetary Policy
A speech given in 1997 which evaluated the economic outlook using the non-accelerating inflation rate of unemployment, or NAIRU, and outlined challenges for monetary policy. (January 16, 1997)
Independence Hall Association
U.s. History: The Sickened Economy
The U.S. economy in the 1970s staggered and fell in the 1970s. Read about the reasons for the depressed economy marked by high inflation and high unemployment.
Practical Money Skills
Practical Money Skills: Recession
Learn about recessions, periods of economic slowdown often marked by high rates of unemployment, plunging stock prices, lower corporate profitability, and consumer anxiety.
Council for Economic Education
Econ Ed Link: When Gas Was a Quarter!
Why do things cost so much more now than they used to? Students will find out about inflation in the United States.
Social Science Education Consortium
Performance of National Economy: How Do We Measure the Economy's Health? [Pdf]
This investigation helps students clarify economic performance measures. These include: percentage changes in the Gross Domestic Product or the Consumer Price Index, how the labor force is measured, the meaning of employment and...
Curated OER
Spending and Output Strings
In this classroom activity, "output" cards and "spending" cards are placed on a string. As each increase or decrease, the economy faces more unemployment or inflation. A good visual device to study the relationships among output,...
Curated OER
Spending and Output Strings
In this classroom activity, "output" cards and "spending" cards are placed on a string. As each increase or decrease, the economy faces more unemployment or inflation. A good visual device to study the relationships among output,...
Curated OER
Spending and Output Strings
In this classroom activity, "output" cards and "spending" cards are placed on a string. As each increase or decrease, the economy faces more unemployment or inflation. A good visual device to study the relationships among output,...
Curated OER
Spending and Output Strings
In this classroom activity, "output" cards and "spending" cards are placed on a string. As each increase or decrease, the economy faces more unemployment or inflation. A good visual device to study the relationships among output,...
Curated OER
Spending and Output Strings
In this classroom activity, "output" cards and "spending" cards are placed on a string. As each increase or decrease, the economy faces more unemployment or inflation. A good visual device to study the relationships among output,...
Curated OER
Spending and Output Strings
In this classroom activity, "output" cards and "spending" cards are placed on a string. As each increase or decrease, the economy faces more unemployment or inflation. A good visual device to study the relationships among output,...
Curated OER
Spending and Output Strings
In this classroom activity, "output" cards and "spending" cards are placed on a string. As each increase or decrease, the economy faces more unemployment or inflation. A good visual device to study the relationships among output,...
Texas Education Agency
Texas Gateway: Ch. 10: Intro to the Aggregate Demand/aggregate Supply Model
In this chapter, you will learn about the following: Macroeconomic perspectives on demand and supply; Building a model of aggregate supply and aggregate demand, Shifts in aggregate supply; Shifts in aggregate demand; How the aggregate...
Texas Education Agency
Texas Gateway: Ch. 16: Government Budgets: Key Concepts and Summary
This section provides a summary of the key concepts presented in Chapter 16: Government Budgets and Fiscal Policy from the Texas Gateway AP Macroeconomics online textbook.
Texas Education Agency
Texas Gateway: Ch.16: Introduction to Government Budgets and Old Address
In this chapter, you will learn about the following: Government spending; Taxation; Federal deficits and national debt; Using fiscal policy to fight recessions, unemployment, and inflation; Automatic stabilizers; Practical problems with...
Khan Academy
Khan Academy: The Phillips Curve: Foundational Concepts
Practice what you know about the Phillips curve model in this four-question exercise.
Digital History
Digital History: Reaganomics
This on "Reaganomics," President Reagan's economic policy during his two presidential terms in the 1980s, discusses his laissez-faire approach and tax-cutting, which contributed to the economic recovery of that period.
Auburn University
Auburn University: Glossary of Political Economy Terms: Monetary Policy Defined
This site provides a very thorough definition of the economic concept of monetary policy. The explanation is by Dr. Paul Johnson of Auburn University
Khan Academy
Khan Academy: Phillips Curve: Linking Changes in Ad as Model to Phillips Curve
In this exercise, practice using the graphical model of the Phillips curve.
Khan Academy
Khan Academy: The Phillips Curve Model
This study resource will help students understand, and create, graphs that are critical skills in macroeconomics. This article reviews the Phillips Curve Model. This resource is designed as a review for the AP Macroeconomics Test or a...