'Short run phillips curve' diaporamas de présentation

Chapter 35 - The Short-Run Trade-off between Inflation and Unemployment

Chapter 35 - The Short-Run Trade-off between Inflation and Unemployment. Phillips curve - shows the short-run trade-off between inflation and unemployment Inverse relationship, negative correlation between the rate of unemployment and the rate of inflation

1.25k views • 42 slides

Extending the Analysis of Aggregate Supply

15. Extending the Analysis of Aggregate Supply. Chapter Objectives. The Relationship Between Short-Run Aggregate Supply and Long-Run Aggregate Supply Applying the Extended AD-AS Model to Inflation, Recessions, and Unemployment

471 views • 39 slides

Phillips Curve

Phillips Curve. Deriving the Phillips Curve from AD/AS Derive the Short and Long Run Phillips Curves What shifts the SRPC and the LRPC Short AND Long Term Effects of INFLATION on the Phillips Curve. LRAS. Phillips Curve. SRAS. Price Level. Inflation. B. PL1. A. PL*. AD1. C. PL2.

1.1k views • 38 slides

Phillips Curve

Phillips Curve. Deriving the Phillips Curve from AD/AS Derive the Short and Long Run Phillips Curves What shifts the SRPC and the LRPC Short AND Long Term Effects of INFLATION on the Phillips Curve. LRAS. Phillips Curve. SRAS. Price Level. Inflation. B. PL1. A. PL*. AD1. C. PL2.

462 views • 38 slides

Preparing for the AP Macroeconomics Test

496 views • 37 slides

Money and Inflation

Money and Inflation. Structure. Introduction The Costs and the Origins of Inflation The Phillips-Curve and its Implications Indexation - An International Comparison Conclusion. Introduction.

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The Postwar International Monetary Order

History of Modern Macroeconomics Lecture 3.5. The Problem of Inflation (1950-1970) Kevin D. Hoover Department of Economics Department of Philosophy Center for the History of Political Economy Duke University. The Postwar International Monetary Order. Bretton Woods Conference 1944.

370 views • 31 slides

Unit 3: Aggregate Demand and Supply and Fiscal Policy

Unit 3: Aggregate Demand and Supply and Fiscal Policy. 1. The Phillips Curve. Shows tradeoff between inflation and unemployment. What happens to inflation and unemployment when AD increase?. In general, there is an inverse relationship between unemployment and inflation. 3.

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Phillips Curve Practice

Phillips Curve Practice. and other stuff. Manipulating the PC. Movement along the SRPC caused by change in AD Contractionary fiscal or monetary policy will reduce inflation but increase u%; MOVE DOWN/RIGHT ALONG THE SRPC

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ECO 120 - Global Macroeconomics

ECO 120 - Global Macroeconomics. Taggert J. Brooks SPRING 2014. Module 34. Inflation and Unemployment: The Phillips Curve. Short-run Phillips Curve. The short-run Phillips curve is the negative short-run relationship between the unemployment rate and the inflation rate.

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The Phillips Curve

The Phillips Curve. The Relationship Between Inflation and Unemployment An inverse relationship between inflation and unemployment until the 1970s 1970s ? high inflation and unemployment Is there still a relationship between inflation and unemployment?. The 1960s: A Policy Menu?.

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Boundless Lecture Slides

Boundless Lecture Slides. Available on the Boundless Teaching Platform. Free to share, print, make copies and changes. Get yours at www.boundless.com. Using Boundless Presentations. Boundless Teaching Platform

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Macro Final Topic Review

Macro Final Topic Review. Savings & Leakage Economic Schools of Thought. DEMAND FOR MONEY. MS. You usually do not have to shift MD The Fed. Controls MS and that moves with monetary policy HOWEVER- sometimes they shift MD on the exam For example:

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AP Economics Dictionary

Cover Definitions New Words Pizzazz. Create an outside cover to protect and identify your Economics Dictionary. The cover must have meaning to you and be explained in writing. Students will define the words given by the teacher. Each word must have its own definition, no see ______.

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Inflation and Unemployment: The Phillips Curve

Inflation and Unemployment: The Phillips Curve. Can Governments Lower Unemployment at No Cost?. The Short-Run Phillips Curve. Inflation rate. When the unemployment rate is low, inflation is high. 0. When the unemployment rate is high, inflation is low. Short-run Phillips curve, SRPC.

297 views • 6 slides