![Assume that the economy is at the point where the short-run Phillips curve intersects the long-run Phillips curve, and that the Fed decides to lower unemployment. Graphically trace out the short-run a Assume that the economy is at the point where the short-run Phillips curve intersects the long-run Phillips curve, and that the Fed decides to lower unemployment. Graphically trace out the short-run a](https://study.com/cimages/multimages/16/phillips_curve1292317112128074493.jpg)
Assume that the economy is at the point where the short-run Phillips curve intersects the long-run Phillips curve, and that the Fed decides to lower unemployment. Graphically trace out the short-run a
![What is the Phillips Curve?. The Relationship Between Unemployment &… | by Ben Le Fort | Modern Policy Options | Medium What is the Phillips Curve?. The Relationship Between Unemployment &… | by Ben Le Fort | Modern Policy Options | Medium](https://miro.medium.com/max/551/1*V5WBQVk48wtTVmFzRhgN_A.png)
What is the Phillips Curve?. The Relationship Between Unemployment &… | by Ben Le Fort | Modern Policy Options | Medium
![Draw the short-run Phillips curve and the long-run Phillips curve. Explain why they are different. | Study.com Draw the short-run Phillips curve and the long-run Phillips curve. Explain why they are different. | Study.com](https://study.com/cimages/multimages/16/un-em5914789409128404225.jpg)