Embed Size (px)
DESCRIPTION
fundamentals of economics chapter 32 notes and lecture
Citation preview
Ensuring Price Stability
Chapter 32
Inflation Is a Fundamental Constraint on Economic Policy
Chapter 32 Figure 32-1
English Price Level and Real Wage, 1264-2002 (1270 = 100)
Chapter 32 Figure 32-2
Consumer Prices in the United States,
1776-2003
Chapter 32 Figure 32-3
Inflation Has Remained Low and Stable in Recent Years
Chapter 32 Figure 32-4
Money and Hyperinflation in Germany, 1922-1924
Chapter 32 Figure 32-5
Demand-Pull Inflation Occurs When Too Much Spending Chases Too Few
Goods
Chapter 32 Figure 32-6
An Upward Spiral of Prices and Wages Occurs When Aggregate Supply and Demand Shift Up
Together
Chapter 32 Figure 32-7
The Short-Run Phillips Curve Depicts the Tradeoff between Inflation and
Unemployment
Chapter 32 Figure 32-8
The Shifting Phillips Curve
Chapter 32 Figure 32-9
Actual Unemployment Rate and NAIRU
Chapter 32 Figure 32-10
Actual and Predicted Inflation, 1995-1999
Chapter 32 Figure 32-11
Chapter 32 Table 32-1
Chapter 32 Table 32-2
Chapter 32 Table 32-3
