This video covers topic 5.2 of the AP Macroeconomics Course Exam Description (CED). This video is all about the long-run phillips curve, the short run phillips curve, the short-run trade off between unemployment and the inflation rate, and connections between the phillips curve and AS/AD model.

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I would like to acknowlege the work of Dick Brunelle and Steven Reff from Reffonomics.com who’s work inspired many of the review games on ReviewEcon.com. I would also like to thank Francis McMann, James Chasey, and Steven Reff who taught me how to be an effective AP Economics teacher at AP summer institutes; as well as the countless high school teachers, and college professors from the AP readings, economics facebook groups, and #econtwitter.