Inflation, Unemployment, and the Business Cycle

15 mins read 0 words Topic 8 of 10

Causes and types of inflation (demand-pull, cost-push), measurement via CPI, economic consequences, types of unemployment (frictional, structural, cyclical), and the Phillips Curve.

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Topic 8: Inflation, Unemployment, and the Business Cycle 1. Introduction & Learning Outcomes Macroeconomic stability is judged by low and stable inflation, high employment, and steady real GDP growth. When economic fluctuations occur, societies suffer from inflationary erosion of purchasing power or the social and economic waste of unemployment. Learning Outcomes By the end of this study sessi...…

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