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Money wage rate response - PowerPoint PPT Presentation

INFLATION

12. INFLATION. CHAPTER. Objectives. After studying this chapter, you will able to Distinguish between inflation and a one-time rise in the price level Explain how demand-pull inflation is generated Explain how cost-push inflation is generated Describe the effects of inflation

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CHAPTER

14. INFLATION. CHAPTER. Objectives. After studying this chapter, you will able to Distinguish between inflation and a one-time rise in the price level Explain how demand-pull inflation is generated Explain how cost-push inflation is generated Describe the effects of inflation

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INFLATION

28. INFLATION. CHAPTER. ????. Objectives. After studying this chapter, you will able to Distinguish between inflation and a one-time rise in the price level Explain how demand-pull inflation( ????? ???? ) is generated Explain how cost-push inflation( ????? ???? ) is generated

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Inflation Cycles

Inflation Cycles. In the long run, inflation occurs if the quantity of money grows faster than potential GDP. In the short run, many factors can start an inflation, and real GDP and the price level interact. To study these interactions, we distinguish two sources of inflation:

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Money wage rate response - PowerPoint PPT Presentation

INFLATION

CHAPTER

INFLATION

Inflation Cycles