Phillips Curve Practice
Lower unemployment, higher inflation — but only for a while. Trace the short-run trade-off on the interactive graph and watch it vanish once expectations catch up. Then answer five exam-style questions on movements versus shifts, the vertical long-run curve, and the stagflation of the 1970s.
One tile of the full the Phillips curve unit.
The course teaches the Phillips curve interactively — drag the graphs, practice with feedback, and spaced reviews bring it back before you forget. Free.
Interactive graph
Move the economy along the short-run curve, then let expectations adjust and see where it ends up.
Five practice questions
Pick an answer, then click Check answer to see the explanation.
Question 1 of 5
What does the short-run Phillips curve show?
Question 2 of 5
The economy moves along its short-run Phillips curve from 6% unemployment and 2% inflation to 4% unemployment and 4% inflation. What most likely caused this?
Question 3 of 5
Why is the long-run Phillips curve vertical at the natural rate of unemployment?
Question 4 of 5
During the 1970s many economies experienced rising inflation and rising unemployment at the same time. In the Phillips-curve framework, what happened?
Question 5 of 5
A central bank announces a credible plan to bring inflation down from 8% to 2%. How does credibility affect the cost of disinflation?
What the course adds
Beyond this one page
The Phillips-curve unit has dozens of practice questions on the short-run trade-off, adaptive and rational expectations, the natural rate, and the cost of disinflation. Each session pulls from your weak spots — not the same five questions every time.
Spaced reviews
FSRS brings every concept back right before you'd forget. ~50% better retention than re-reading.
Per-concept mastery
Performance Factor Analysis tracks each sub-skill separately — you see which version of the idea is still wobbly.
Diagnostic placement
A short test skips you past what you already know. No re-learning the basics.
For instructors
Assign this to your class
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Sends students to the full page with the worked example and related lessons.
Inlines just the interactive widget in your LMS — no nav, no footer, no signup wall.
Want 50+ more problems with instant feedback?
The full Econ Academy Phillips-curve unit includes adaptive practice, spaced repetition, and mastery tracking so you stop forgetting what you just learned.