The expectations-augmented Phillips curve
{"Image DocumentName": "The expectations-augmented Phillips curve", "Image ImageDescription": "How does this work in the AD-AS model? First case: anticipated increase in money supply. LRAS. P. AD shifts up and SRAS shifts up, with no misperceptions because the increase in the money supply is fully anticipated ; Result: P rises, Y unchanged ; Inflation rises with no change in unemployment . SRAS2. SRAS1. AD2. AD1. YF. Y.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}