{
  "id": "short-run-phillips-curve",
  "name": "Short-run Phillips curve",
  "unit": "macro",
  "unitName": "Unit 3 · Macroeconomics",
  "topic": "Phillips curve (HL)",
  "hl": true,
  "description": "The SRPC shows a short-run trade-off: lower unemployment comes with higher inflation. A supply shock shifts the SRPC outward (stagflation).",
  "keywords": [
    "Phillips curve",
    "SRPC",
    "trade-off",
    "inflation",
    "unemployment",
    "stagflation",
    "supply shock"
  ],
  "schemaUrl": "https://graphs.lectere.com/api/v1/templates/short-run-phillips-curve",
  "previewUrl": "https://graphs.lectere.com/thumbs/short-run-phillips-curve.svg",
  "editorUrl": "https://graphs.lectere.com/graph/short-run-phillips-curve/",
  "params": [
    {
      "key": "move",
      "label": "Movement along the SRPC",
      "default": "expansion",
      "type": "enum",
      "options": [
        {
          "value": "none",
          "label": "None"
        },
        {
          "value": "expansion",
          "label": "Increase in AD (A → B)"
        },
        {
          "value": "contraction",
          "label": "Decrease in AD (B → A)"
        }
      ]
    },
    {
      "key": "shift",
      "label": "Show SRPC shift (supply shock)",
      "default": false,
      "type": "boolean"
    }
  ],
  "defaults": {
    "move": "expansion",
    "shift": false
  },
  "panels": [
    {
      "id": "main",
      "title": null,
      "xLabel": "Unemployment rate (%)",
      "yLabel": "Inflation rate (%)",
      "xRange": [
        0,
        10
      ],
      "yRange": [
        0,
        10
      ],
      "axisKeys": {
        "x": "main:x",
        "y": "main:y"
      }
    }
  ],
  "labels": [
    {
      "key": "main:y",
      "default": "Inflation rate (%)",
      "hint": "Vertical axis",
      "panel": "main"
    },
    {
      "key": "main:x",
      "default": "Unemployment rate (%)",
      "hint": "Horizontal axis",
      "panel": "main"
    },
    {
      "key": "main.srpc1",
      "default": "SRPC",
      "hint": "Curve",
      "panel": "main"
    },
    {
      "key": "main.a",
      "default": "A",
      "hint": "Point",
      "panel": "main"
    },
    {
      "key": "main.a:y",
      "default": "π_1",
      "hint": "Vertical-axis value",
      "panel": "main"
    },
    {
      "key": "main.a:x",
      "default": "U_1",
      "hint": "Horizontal-axis value",
      "panel": "main"
    },
    {
      "key": "main.b",
      "default": "B",
      "hint": "Point",
      "panel": "main"
    },
    {
      "key": "main.b:y",
      "default": "π_2",
      "hint": "Vertical-axis value",
      "panel": "main"
    },
    {
      "key": "main.b:x",
      "default": "U_2",
      "hint": "Horizontal-axis value",
      "panel": "main"
    }
  ],
  "elements": [
    {
      "key": "main.srpc1",
      "kind": "curve",
      "label": "SRPC"
    },
    {
      "key": "main.a",
      "kind": "point",
      "label": "A"
    },
    {
      "key": "main.b",
      "kind": "point",
      "label": "B"
    },
    {
      "key": "main.move",
      "kind": "line"
    }
  ],
  "stats": null,
  "example": {
    "template": "short-run-phillips-curve",
    "params": {
      "move": "expansion",
      "shift": false
    }
  }
}