{"id":16960,"date":"2019-02-22T02:00:22","date_gmt":"2019-02-22T07:00:22","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16960"},"modified":"2019-02-22T02:19:14","modified_gmt":"2019-02-22T07:19:14","slug":"ap-economics-2-22-19","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2019\/02\/22\/ap-economics-2-22-19\/","title":{"rendered":"AP Economics &#8211; 2\/22\/19"},"content":{"rendered":"<p><strong>I.\u00a0 Bellwork<\/strong><\/p>\n<p style=\"padding-left: 30px;\">A.\u00a0 Create a graph demonstrating cost-push inflation.\u00a0 Show the change in price level<\/p>\n<p style=\"padding-left: 30px;\">B.\u00a0 Create a graph demonstrating demand-pull inflation.\u00a0 Show the change in price level<\/p>\n<p>II.\u00a0 Objectives:<\/p>\n<ul>\n<li>Use the <b>Phillips curve<\/b> to show the nature of the short-run trade-off between inflation and unemployment<\/li>\n<li>Explain why there is no long-run trade-off between inflation and unemployment<\/li>\n<li>Discuss why expansionary policies are limited due to the effects of expected inflation<\/li>\n<li>Identify the problems with deflation that lead policy makers to prefer a low but positive inflation rate.<\/li>\n<\/ul>\n<p>III.\u00a0 Discussion:\u00a0 \u00a0 P328-336<\/p>\n<p style=\"padding-left: 30px;\">A.\u00a0 Introduction to the Phillips Curve<br \/>\n1. The Short-Run Phillips Curve<br \/>\n2. Inflation Expectations and the Short &#8211; Run Phillips Curve<br \/>\nB Inflation and Unemployment in the Long Run<br \/>\n1. The Long-Run Phillips Curve<br \/>\n2. The Natural Rate of Unemployment, Revisited<br \/>\n3. The Costs of Disinflation<br \/>\nC. Deflation<br \/>\n1. Debt Deflation<br \/>\n2. Effects of Expected Deflation<\/p>\n<p>IV Notes:<\/p>\n<ul>\n<li>Relationship btw AD, Unemployment &amp; Inflation<\/li>\n<li>Relationship btw AS, Unemployment &amp; Inflation<\/li>\n<li>Copy SRPC &amp; LRPC &#8211; video<\/li>\n<\/ul>\n<p>V.\u00a0 Video Resources<\/p>\n<ul>\n<li class=\"title style-scope ytd-video-primary-info-renderer\"><a href=\"https:\/\/www.youtube.com\/watch?v=zatnIhwmu1c\">The Phillips Curve (Macro Review) Macro 3.4<\/a><\/li>\n<li class=\"title style-scope ytd-video-primary-info-renderer\"><a href=\"https:\/\/www.youtube.com\/watch?v=ABOGxIHVHO4\">Macro: Unit 3.6 &#8212; The Phillips Curve<\/a><\/li>\n<\/ul>\n<p>VI.\u00a0 Classwork\/Homework<\/p>\n<ul>\n<li>34.1 WS,<\/li>\n<li>34.3WS<\/li>\n<li>3.5 Phillips Curve<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork A.\u00a0 Create a graph demonstrating cost-push inflation.\u00a0 Show the change in price level B.\u00a0 Create a graph demonstrating demand-pull inflation.\u00a0 Show the change in price level II.\u00a0 Objectives: Use the Phillips curve to show the nature of the short-run trade-off between inflation and unemployment Explain why there is no long-run trade-off between inflation [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":["post-16960","post","type-post","status-publish","format-standard","hentry","category-ap-economics"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/comments?post=16960"}],"version-history":[{"count":1,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16960\/revisions"}],"predecessor-version":[{"id":16961,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16960\/revisions\/16961"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}