recessions Flashcards http://www.flashcardexchange.com/tag/recessions www.flashcardexchange.com: recessions Flashcards en-us Mon, 28 May 2012 03:29:55 PDT Mon, 28 May 2012 03:29:55 PDT support@flashcardexchange.com 720 The Tradeoff between Inflation and Unemployment - Part 2 (April 15) http://www.flashcardexchange.com/flashcards/view/793228 VI. Inertial Inflation and the Costs of Disinflation A. Recessions and Disinflation B. The reaction of expectations C. A numerical example D. The rule of thumb and the disinflation of the 1980s. VII. Rational Expectations A. The meaning of Rational Expectations B. The short-run vertical Phillips Curve C. Implication: costless inflation? D. A less extreme version of rational expectations: no inertia in expectations, but long-term contracts. E. The problem of credibility VII. Concluding remark: Don't buy the Brooklyn Bridge 2009-04-19 http://www.flashcardexchange.com/flashcards/view/793228