Economics A Level (DONEEEEEEE): What does the Short Run Phillips Curve show?

Question

What does the Short Run Phillips Curve show?

eric_galvao · Accepted Answer

-This shows a Trade-Off between Inflation and Unemployment, as A.W Phillips had found when plotting Historical Inflation and Unemployment Rates 
-If the government wanted to Reduce Unemployment, it could Increase AD and accept Higher Inflation.

Economics A Level (DONEEEEEEE)

What does the Short Run Phillips Curve show?

-This shows a Trade-Off between Inflation and Unemployment, as A.W Phillips had found when plotting Historical Inflation and Unemployment Rates -If the government wanted to Reduce Unemployment, it could Increase AD and accept Higher Inflation.

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