Slide 1N. G R E G O R Y M A N K I W Premium PowerPoint ® Slides by Ron Cronovich 2008 update © 2008 South-Western, a part of Cengage Learning, all rights reserved 22 P…

1 Inflation and Unemployment 2 Inflation, Unemployment and the Phillips Curve  Two goals of economic policymakers are low inflation and low unemployment, but often these…

Slide 1Chapter 35 - The Short-Run Trade-off between Inflation and Unemployment Phillips curve - shows the short-run trade-off between inflation and unemployment Inverse relationship,…

Slide 1 The Short-Run Tradeoff Between Inflation and Unemployment Premium PowerPoint Slides by Ron Cronovich © 2012 Cengage Learning. All Rights Reserved. May not be copied,…

Slide 1 Matching History and Theory Keynesian Stimulus 1) Keynesian Stimulus – 1930’s 1)Fine tuning in the 1960’s Slide 2 Keynesian Economics and the Keynesian Short-Run…