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Documents © 2010 Pearson Addison-Wesley. Inflation Cycles In the long run, inflation occurs if the quantity.....

Slide 1© 2010 Pearson Addison-Wesley Slide 2 Slide 3 Inflation Cycles In the long run, inflation occurs if the quantity of money grows faster than potential GDP. In the…

Documents U.S. Inflation, Unemployment, and Business Cycles CHAPTER 29.

Slide 1U.S. Inflation, Unemployment, and Business Cycles CHAPTER 29 Slide 2 2 After studying this chapter you will be able to Describe the patterns in output and inflation…

Documents INFLATION 28 CHAPTER. Objectives After studying this chapter, you will able to Distinguish between.....

Slide 1INFLATION 28 CHAPTER Slide 2 Objectives After studying this chapter, you will able to Distinguish between inflation and a one-time rise in the price level Explain…