Slide 1Lecture 12 THE DYNAMICS OF INFLATION AND UNEMPLOYMENT Slide 2 Lecture Outline Inflation and the Price LevelInflation and the Price Level Demand-Pull InflationDemand-Pull…
Slide 1 Macroeconomics in Islamic Economy: A Theoretical Perspective Prof. Dr. Sayyid Tahir KENMS, International Islamic University Malaysia Tuesday April 23, 2013 IRTI’s…
Money and Banking http://www.youtube.com/watch?v=WCkOmcIl79s Money and Banking FUNCTIONS OF MONEY Medium of Exchange Unit of Account Store of Value FUNCTIONS OF MONEY Medium…
Lecture Three Measuring National Output and National Income GDP GDP is the market value of all final goods and services produced within a given period of time by factors…
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…
* 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…
The Great Recession Contraction/Recession Two consecutive quarters of slower economic activity The Great Recession lasted from December 2007 to June 2009 Total of 18 months…