1. Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 4-8-2004 Inflation and Unemployment: What is the Connection? Brian W. Cashell…
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Slide 1Copyright (c) 2000 by Harcourt Inc. All rights reserved. Next page Slides to Accompany “Economics: Public and Private Choice 9th ed.” James Gwartney, Richard Stroup,…
Slide 1 Slide 2 Welcome to PMBA0608: Economics/Statistics Foundation Fall 2006 Session 4: September 6 Slide 3 Study Chapters 1 through 4 of Mankiw Chapters 1 through…
Slide 1 Slide 2 AD/SRAS overview Aggregate Demand – Total spending on goods and services in the economy. – A change in C, I, G, or Xn causes a change in AD – PL and…
Slide 1 Exchange Rates and the Open Economy Chapter 18 Slide 2 Foreign Exchange Market Abbreviation: FOREX Over a trillion dollars worth are traded daily. Most trading is…
Slide 1 Slide 2 Phillips and Laffer Curves A.W. Phillips, 1958 Slide 3 Inflation-Unemployment Relationship Normally, there is a short-run trade-off between the rate of inflation…
Clickers! 1. Select the best definition of the unemployment rate. A) labor force/# unemployed B) # unemployed/ labor force C) civilian labor force/# unemployed D) # unemployed/…