PPT-Inflation: Its Causes, Effects, and Social Costs

Chapter 5 of Macroeconomics 8 th edition by N Gregory Mankiw ECO62 Udayan Roy Nominal Variables In Ch 3 we saw a longrun theory of several real variables Y . 郭宗寛 . (. Zong-Kuan. . Guo. ). ITP. , . CAS. 3rd . Joint Retreat on Cosmology and LHC . Physics. November 2, 2012. Based on . collaboration . with . D.J. . . Schwarz. Phys. . Rev. D 80 (2009) 063523 [arXiv:0907.0427. what to do about it. Professor Anne Sibert. Spring 2012. Bad monetary policy in the 1970s and 1980s led to a revolution in central bank design in the 1990s. Source: IMF, World Economic Outlook database. Steven Barnett. (May 2010). Summary and Outline. Inflation poses a major risk. Too high and rising. Broad-based . Not just meat prices. Also excess demand. Monetary tightening must continue. Control inflation expectations. To understand what . inflation is. To identify how . inflation might . affect businesses. To evaluate how businesses might respond to . inflation. Starter: Find out how much the average salary was in . Inflation. Perfection. Deflation. 1. 2. But first a little behavioral economics. Chyanne Gouveia. Logan . Uyetake. Kauila. . WongYuen. What should a grade represent? . A Student’s understanding of different concepts they have learned. . Teacher’s should also take into consideration non-academic behavior such as how well a student performs in class, homework, and participation. . Economics. Unemployment. Economist’s definition:. Those of working age, who are without work, but who are available for work at current wage rates.. Two . measures . of unemployment.. Claimant . count. Unanticipated inflation – some people are hurt; some people gain. . For example, borrowers are helped by unanticipated inflation while lenders are hurt. . However, even anticipated inflation results in costs for the economy.. Life-Cycle Cost Analysis: The Basics. LCCA Analysis Period, yrs. Net. Present. Value, $. Initial . Construction Costs. Rehabilitation Activity Costs. Maintenance Activity Costs. Salvage Value. Discount. I recommend that you view it as one page by clicking on the open book icon at the bottom of the page.. 9b – Inflation. TOPICS. Definition of . Inflation?. What is . a Price Index. ?. Calculate the Inflation Rate using an Index. Orange Group. This is chapter . 35. !!. The natural rate of unemployment depends on various features of the labor market.. Examples include minimum-wage laws, the market power of unions, the role of efficiency wages, and the effectiveness of job search.. causes of hyper-inflation. costs of hyper-inflation. Key . Differences Between Inflation and Deflation. When . the value of money decreases in the world market, it is inflation, while if the value of money rises, then it is deflation.. Money and Inflation. Rise in money supply does not equal a rise in Real GDP in the long run, since price level rises as well by the same percentage. Classical Model of Price Level . – Since money supply and price level rise together, the Real Quantity of Money (M/P) stays at the original level. learn in . this Module:. The economic costs of inflation. How inflation creates winners and losers. Why policy makers try to maintain a stable rate of inflation. The difference between real and nominal values of income, wages, and interest rates.