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The Tradeoff between Inflation and Unemployment (Part I) - Flashcards: 15
Description: I. Some background<br />A. What Phillips discovered <br />B. Defining Unit Labor Costs<br />C. From wage changes to price changes<br />II. Origins of the Phillips Curve<br />A. Applying aggregate demand-aggregate supply analysis to a growing economy<br />B. Does the Phillips curve fit the data?<br />III. Supply Shocks and Inflation<br />A. Supply shocks cause deviations of Inflation from %deltaULC<br />B. Adverse supply shocks raise both Infl ...
Tags aggregate curve demand inflation phillips ulc unemployment Author: kchia13 Created: 2009-04-13 |
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