ap macro question

Test Preparation AP Test Preparation
1

<p><a href="http://apcentral.collegeboard.com/apc/public/repository/ap09_macroeconomics_form_b_sgs.pdf%5B/url%5D"&gt;http://apcentral.collegeboard.com/apc/public/repository/ap09_macroeconomics_form_b_sgs.pdf&lt;/a&gt;&lt;/p>

<p>look at the diagram of the phillilp's curve...
if I drew the phillip's curve with an actual "curve" in it, would I recieve full credit for the problem?? Also' why is the phillip's curve a straight line.. I thought it was usually curved
Thanks</p>

2

<p>The straight line is the Long Run Phillips Curve which represents full emplopyment, while the slanted curve is the relationship between the price level and unemployment in the short run.</p>

3

<p>no the SRPC is also a line…look at the 2nd graph</p>

4

<p>bumpsdfsdfadfads</p>

5

<p>the short run phillips curve is basically the curve which you have learned about superaznnerd. It is a trade off between inflation and unemployment. However, this is only true in the short-run so the long-run represents the principle that there is not a trade-off in the long run and is also used to represent natural unemployment much like the long run aggregate supply line.</p>

6

<p>Can someone explain the Fisher effect?</p>