Lesson 2: Unemployment & the Phillips Curve

Is there a tradeoff between inflation and unemployment?

How do expectations affect the Phillips Curve?

C3: D2.Eco.15.9-12

CCSS: RH.11-12.7

DOK 3 – Strategic Thinking
Students interpret short-run and long-run Phillips Curves and evaluate how expectations influence economic outcomes.

Labeled graph supports

Partner analysis

Tiered questions

• Graph interpretation task