Dr Tamás Barczikay IB Economics
Graph animations / Economics · Macroeconomics · Inflation & unemployment · HL

Phillips Curve Lab

The AD/AS model and the Phillips curve side by side. Every shift in AD/AS moves the economy along the Phillips curve, or shifts it. Step through a scenario, or experiment in free mode.

AD/AS model
Phillips curve
Inflation & unemployment by step
ADSRASLRAS / LRPCSRPCEquilibriumFaded dashed = starting curves

    Real GDP (Y)
    Potential output (Yf)
    Price level (index)
    Unemployment
    Natural rate (NRU)
    Inflation
    Expected inflation
    Output gap
    Stylised model for teaching: linear AD/SRAS, Okun-type link between output gap and unemployment, expectations-augmented SRPC. Numbers are illustrative, not data.