The Phillips Curve

This The Phillips Curve video also includes:

How does employment affect wages and prices? Can this really all be explained by a simple curve? Here you will find a brief video clip that uses cartoon animations to explain the correlation between employment and inflation according to the Phillips curve, as well as historical moments of inconsistency.

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CCSS: Adaptable
Pros

  • Cartoon graphics help to illustrate concepts
  • Brief and to-the-point
Cons

  • Moves very quickly through the concept, really best used as a summary
Common Core