AD/AS and the Phillips Curve
{"Image DocumentName": "AD/AS and the Phillips Curve", "Image ImageDescription": "Correctly draw the LRPC and SRPC with an recessionary gap. What happens when AS goes up? Price Level. LRAS. LRPC. Inflation. AS. AS1. PLe. SRPC. AD. SRPC1. QY. GDPR. UY. Unemployment. 13.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}