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Large government budget deficits - PowerPoint PPT Presentation

Inflation

Inflation . Learning Objectives. To understand the difference between a demand shock and a supply shock. To understand the difference between demand inflation and supply inflation. To construct the short-run and long-run Phillips curve as well as the expectations augmented Phillips curve.

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976 views • 48 slides

Chapter 26 Inflation, expectations and credibility

Chapter 26 Inflation, expectations and credibility. David Begg, Stanley Fischer and Rudiger Dornbusch, Economics , 8th Edition, McGraw-Hill Education, 2005 PowerPoint presentation by Alex Tackie and Damian Ward. Inflation is . Inflation is a rise in the price level.

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788 views • 35 slides

Eco 6351 Economics for Managers Chapter 11b. Aggregate Supply and Demand

Eco 6351 Economics for Managers Chapter 11b. Aggregate Supply and Demand. Prof. Vera Adamchik. Competing Theories of Short-Run Instability. Economists are not in complete agreement about how to achieve desired macro outcomes.

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405 views • 27 slides

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Large government budget deficits - PowerPoint PPT Presentation

Inflation

Chapter 26 Inflation, expectations and credibility

Eco 6351 Economics for Managers Chapter 11b. Aggregate Supply and Demand