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Current wage rates - PowerPoint PPT Presentation

Which problem is greater: inflation or unemployment?

Which problem is greater: inflation or unemployment?. What is inflation?. Inflation-sustained general rise in prices. Measures of inflation. Types of inflation. Creeping inflation-prices rise few percent every year Hyper-inflation- large increases in price each year.

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328 views • 19 slides

Lecture 2a Multipliers & output models

Lecture 2a Multipliers & output models. RALE - Lecture 2a Last week: Introduction and profiling the local economy This week: part a) Multipliers & output models and part b) econometric models & input-output analysis Aim

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330 views • 15 slides

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Current wage rates - PowerPoint PPT Presentation

Which problem is greater: inflation or unemployment?

Lecture 2a Multipliers &amp; output models

Lecture 2a Multipliers & output models