Q Search Macro Topic 5.2A- The Phillips Curve.pdf Close Activity Teams AP Macro Topic The Phillips Curve Assignments Part 2 - Put It Together- The graph below shows the percent change in Real GDP for the US between 2005-2013. Use the graph to answer the following questions. Calendar FRED. - Real Gross Domestic Product 5.0 Calls 2.5 M 0.0 Files Percent Change from Preceding Period - 2.5 - 5.0 -7.5 -10.0 2006 2007 2008 2009 2010 2011 2012 5. Draw aggregate demand (AD), aggregate 6. Draw the short run Phillips curve (SRPC) supply (AS), and long-run aggregate and long-run Phillips curve (LRPC) for the (LRAS) for the year 2009. Label price year 2009. Label a point on your graph "A" level PL,, the output Y,, and the that represents the state of the economy in ull-employment output YF. 2009. 7. The American Recovery and Reinvestment Act (ARRA) was passed in February 2009. Show the intended result of the ARRA on both the AD/AS model and the Phillips curve model. On the AD/AS model, label the new price level PL and the output, Y . On the Phillips curve, label the state of the 88 economy point "B' Apps Video Help- https://goo.gl/T168ky ? Help 2 of 2