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Lecture #11 - Inflation Part 1

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How to measure the price level? What factors affect the price level in an economy? What are the effects of inflation on the economy? The relationship between inflation and unemployment Why has the US economy been experiencing a high inflation rate? Who determines prices? Or who is in the position to raise the prices? Why do employers (CEOs or shareholders) raise the prices? How can employees contribute to a higher price? What are the impacts of inflation on income distribution?

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Main Questions on Inflation

● How to measure the price level?
● What factors affect the price level in an economy?
● What are the effects of inflation on the economy?
● The relationship between inflation and unemployment



Additional Questions on Inflation

1. Why has the US economy been experiencing a high inflation rate?

2. Who determines prices? Or who is in the position to raise the prices?

3. Why do employers (CEOs or shareholders) raise the prices?

4. How can employees contribute to a higher price?

5. What are the impacts of inflation on income distribution?



Measuring Price

Consumer Price Index
Producer Price Index
GDP Deflator

Document information

Uploaded on
December 10, 2024
Number of pages
4
Written in
2024/2025
Type
Class notes
Professor(s)
Yeo hyub yoon
Contains
Lecture #11 - inflation part 1
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