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## The Phillips curve

# Lesson summary: the Phillips curve

AP Macro: MOD‑3 (EU), MOD‑3.A (LO), MOD‑3.A.1 (EK), MOD‑3.A.2 (EK), MOD‑3.A.3 (EK), MOD‑3.A.4 (EK), MOD‑3.A.5 (EK)

In this lesson summary review and remind yourself of the key terms and graphs related to the Phillips curve. Topics include the the short-run Phillips curve (SRPC), the long-run Phillips curve, and the relationship between the Phillips' curve model and the AD-AS model.