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Inflation and Unemployment

Inflation and Unemployment. 12 th Meeting. Inflation. the process by which the price level rises and money loses value. Inflation. Demand Pull Inflation. Cost Push Inflation. Hyperinflation in Germany. Hyperinflation in Germany. Hyperinflation in Germany. Hyperinflation in Hungaria.

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Inflation and Unemployment

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  1. Inflation and Unemployment 12thMeeting

  2. Inflation the process by which the price level rises and money loses value.

  3. Inflation Demand Pull Inflation Cost Push Inflation

  4. Hyperinflation in Germany

  5. Hyperinflation in Germany

  6. Hyperinflation in Germany

  7. Hyperinflation in Hungaria

  8. Hyperinflation in Zimbabwe

  9. Hyperinflation in Zimbabwe

  10. Hyperinflation in Zimbabwe

  11. List of countries which experienced hyperinflation

  12. Unemployment

  13. Unemployment based on BPS’ Definition

  14. The Phillips Curve Wage growth % (Inflation) The Phillips Curve shows an inverse relationship between inflation and unemployment. It suggested that if governments wanted to reduce unemployment it had to accept higher inflation as a trade-off. Money illusion – wage rates rising but individuals not factoring in inflation on real wage rates. 2.5% 1.5% 4% 6% Unemployment (%) PC1

  15. References • http://www.bized.co.uk • http://moneytipcentral.com/inflation-in-america-what-will-hyperinflation-look-like • http://theinvestmentinsight.wordpress.com/category/inflationdeflation/ • http://www.investopedia.com

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