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Principles of Macroeconomics ECON 401

Principles of Macroeconomics ECON 401. Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business”. 卜安吉. Yugoslavia Hyperinflation. 1994-5: On January 24, 1994 the government introduced the super Dinar equal to 10 million of the new new Dinars. Zimbabwe Hyperinflation.

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Principles of Macroeconomics ECON 401

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  1. Principles of MacroeconomicsECON 401 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉

  2. Yugoslavia Hyperinflation • 1994-5: On January 24, 1994 the government introduced the super Dinar equal to 10 million of the new new Dinars. Principles of Macroeconomics, Day 11

  3. Zimbabwe Hyperinflation • World-record hyperinflation last officially set at 231 million per cent. Sydney Morning Herald, http://www.smh.com.au/news/world/231000000-inflation-zim-dollar-dumped/2009/01/30/1232818687057.html • February 2, 2009:HARARE (Reuters) - Zimbabwe's central bank revalued its dollar again on Monday, lopping another 12 zeros off its battered currency to try to tame hyperinflation and avert total economic collapse. Principles of Macroeconomics, Day 11

  4. Zimbabwe Hyperinflation • Reserve Bank of Zimbabwe Governor Gideon Gono announced the new currency moves on Monday • "Gono gave no updated inflation figures but said broad money supply growth rose from 81,000 percent in January to 658 billion percent in December. http://www.reuters.com/article/newsMaps/idUSTRE5112IF20090202 Principles of Macroeconomics, Day 11

  5. Review for the Test • Review and study! • Make sure you study all of your notes • Make sure that you study all of the quizzes • Make sure that you study all of the Problem Sets and Homeworks Principles of Macroeconomics, Day 11

  6. RELAX – we’ll see you Thursday • If you’ve studied – do not worry! Principles of Macroeconomics, Day 11

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