Inflation Expectations, the Phillips Curve, and the Fed's Dual Mandate

This Summer 2021 issue of Page One Economics describes how to think about stable prices, how inflation has evolved in recent years, how the relationship between inflation and employment is changing, and what the Federal Open Market Committee (FOMC) has recently stated about its strategy to meet its price stability goal.

Teachers: Visit the Reading Q&As in our Econ Lowdown Teacher Portal to find the high school/college teacher editions (including an answer key) for this issue; to assign an online version of the student materials; and to collect student scores on the questions.

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Education Level: 9-12 College Non-educators
Subjects: AP Economics Economics
Concepts: Inflation/Deflation Monetary Policy Federal Reserve System-functions Employment
Resource Types: Publication Lesson
Languages: English