{"id":18496,"date":"2020-02-26T12:32:49","date_gmt":"2020-02-26T17:32:49","guid":{"rendered":"https:\/\/iblog.dearbornschools.org\/farhoud\/?p=18496"},"modified":"2020-02-27T13:36:24","modified_gmt":"2020-02-27T18:36:24","slug":"ap-macro-2-27-2020","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2020\/02\/26\/ap-macro-2-27-2020\/","title":{"rendered":"AP Macro &#8211; 2\/28\/2020"},"content":{"rendered":"\n<p><strong>I.&nbsp; Bellwork<\/strong><\/p>\n\n\n\n<p>A.&nbsp; Create a graph demonstrating cost-push inflation.&nbsp; Show the change in price level<\/p>\n\n\n\n<p>B.&nbsp; Create a graph demonstrating demand-pull inflation.&nbsp; Show the change in price level<\/p>\n\n\n\n<p><strong>II.&nbsp; Objectives:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Use the <strong>Phillips curve<\/strong> to show the nature of the short-run trade-off between inflation and unemployment<\/li><li>Explain why there is no long-run trade-off between inflation and unemployment<\/li><li>Discuss why expansionary policies are limited due to the effects of expected inflation<\/li><li>Identify the problems with deflation that lead policy makers to prefer a low but positive inflation rate.<\/li><\/ul>\n\n\n\n<p>III.&nbsp; Discussion:&nbsp; &nbsp; P328-336<\/p>\n\n\n\n<p>A.&nbsp; Introduction to the Phillips Curve<\/p>\n\n\n\n<p>1. The Short-Run Phillips Curve<\/p>\n\n\n\n<p>2. Inflation Expectations and the Short \u2013 Run Phillips Curve<\/p>\n\n\n\n<p>B Inflation and Unemployment in the Long Run<\/p>\n\n\n\n<p>1. The Long-Run Phillips Curve<\/p>\n\n\n\n<p>2. The Natural Rate of Unemployment, Revisited<\/p>\n\n\n\n<p>3. The Costs of Disinflation<\/p>\n\n\n\n<p>C. Deflation<\/p>\n\n\n\n<p>1. Debt Deflation<\/p>\n\n\n\n<p>2. Effects of Expected Deflation<\/p>\n\n\n\n<p>IV Notes:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Relationship btw AD, Unemployment &amp; Inflation<\/li><li>Relationship btw AS, Unemployment &amp; Inflation<\/li><li>Copy SRPC &amp; LRPC \u2013 video<\/li><\/ul>\n\n\n\n<p>V.&nbsp; Video Resources<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.youtube.com\/watch?v=zatnIhwmu1c\">The Phillips Curve (Macro Review) Macro 3.4<\/a><\/li><li><a href=\"https:\/\/www.youtube.com\/watch?v=ABOGxIHVHO4\">Macro: Unit 3.6 \u2014 The Phillips Curve<\/a><\/li><\/ul>\n\n\n\n<p>VI.&nbsp; Classwork\/Homework<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>34.1, 34.2 , 34.3 WS<\/li><li>5.2 A &amp; 5.2B  Phillips Curve<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I.&nbsp; Bellwork A.&nbsp; Create a graph demonstrating cost-push inflation.&nbsp; Show the change in price level B.&nbsp; Create a graph demonstrating demand-pull inflation.&nbsp; Show the change in price level II.&nbsp; 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":[96],"tags":[],"class_list":["post-18496","post","type-post","status-publish","format-standard","hentry","category-ap-macro-w2020"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/18496","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=18496"}],"version-history":[{"count":1,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/18496\/revisions"}],"predecessor-version":[{"id":18501,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/18496\/revisions\/18501"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=18496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=18496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=18496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}