Global Economic Outlook The Great Recession and Recovery Stephan S. Thurman, PhD Bureau for Economic, Energy, and Business Affairs for Wichita State University, October 2010…

Slide 1 Inflation Economists have different ideas about what causes inflation⦠Quantity (aka monetary) theory MV=PQ Demand-pull theory Cost-push theory Most economists…

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inflation

* Inflation and the Price Level * The Monetary System A monetary system establishes two different types of standardization in the economy Unit of value—a common unit for…