Just phillips curve

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Just phillips curve

  1. 1. 1. Why is Janet Yellen a really important person in our society in 2012? 2. What will more free trade zones do to a country’s price level?? 3. Which type of unemployment is scariest to you? And explain
  2. 2.  There is a high unemployment rate (10%)  Long term effect:  There is a high inflation rate (10%)  Long term effect:
  3. 3.  1914-1975  Studied British Economy  1861-1957
  4. 4. The Phillips curve illustrates the short-run relationship between inflation and unemployment.

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