Explore the short-run and long-run Phillips Curve. Drag the economy along the SRPC, shift inflation expectations, and model the monetarist expectations-augmented adjustment path.
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Drag the amber point on the diagram to move along the curve.
Higher k → more convex curve. Reflects stronger trade-off at low unemployment.
U = 4.5%, π = 1.56%. Gap from NRU: 0.0pp.
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