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AP Macroeconomics
Unit 5 – Long–Run Consequences of Stabilization Policies
Topic 5.2
What is the long-run equilibrium point on the Phillips curve?
The point where unemployment is at its lowest level
The point where the economy is in a recession
The intersection of the short-run Phillips curve and the long-run Phillips curve
The point where inflation is at its highest level
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AP Macroeconomics - 5.2 The Phillips Curve
Key terms
Long-run Equilibrium
Phillips Curve
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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