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…

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…

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…

Slide 1 © 2010 Pearson Education CHAPTER 1 Slide 2 © 2010 Pearson Education Slide 3 In the 1970s, when inflation was raging at a double-digit rate, Arthur M. Okun proposed…

Slide 1 Slide 2 29 U.S. INFLATION, UNEMPLOYMENT, AND BUSINESS CYCLE Slide 3 © 2012 Pearson Addison-Wesley Slide 4 Inflation Cycles we distinguish two sources of inflation:…

Slide 1 © 2010 Pearson Education Canada Slide 2 Slide 3 The 1920s were years of unprecedented prosperity. Then, in October 1929, the stock market crashed. Overnight, stock…

12 INFLATION, JOBS, AND THE BUSINESS CYCLE © 2014 Pearson Addison-Wesley After studying this chapter, you will be able to: Explain how demand-pull and cost-push forces…

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