Inflation cycles
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Intros
Lessons
- Demand-Pull Inflation
- Starting effect
- Adjustment of Money Wage
- Demand-Pull Inflation Process
- Cost-Push Inflation
- Starting Effect
- Response of Fed
- Cost-Push Inflation Process
- Expected Inflation
- No Demand-Pull or Cost-Push
- Real GDP = Potential GDP
- Natural Rate = Unemployment Rate
- Relationship Between Inflation & Business Cycle
- Inflation forecast correct = full employment
- Real GDP > potential GDP = demand-pull inflation
- Real GDP < Potential GDP = cost-push inflation
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