Documents 10.3 Equilibrium and Changes in Equilibrium

Equilibrium occurs at the price level that equalizes the amount of real output demanded and supplied * ©2013 McGraw-Hill Ryerson Ltd. Chapter 10.3 Real Output Demanded…

Documents Lecture 12

Lecture 12 THE DYNAMICS OF INFLATION AND UNEMPLOYMENT Lecture Outline Inflation and the Price Level Demand-Pull Inflation Cost-Push Inflation Effects of Inflation The Phillips…