![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://homework.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
![Phillips Curve in the Short Run | Uses, Importance & Examples - Video & Lesson Transcript | Study.com Phillips Curve in the Short Run | Uses, Importance & Examples - Video & Lesson Transcript | Study.com](https://study.com/cimages/multimages/16/philips_curve_15247847595172675864.jpg)
Phillips Curve in the Short Run | Uses, Importance & Examples - Video & Lesson Transcript | Study.com
![Short-run Phillips curve before and after expansionary policy, with... | Download Scientific Diagram Short-run Phillips curve before and after expansionary policy, with... | Download Scientific Diagram](https://www.researchgate.net/publication/264816027/figure/fig1/AS:671529855619073@1537116602046/Short-run-Phillips-curve-before-and-after-expansionary-policy-with-long-run-Phillips.png)