chapter 9 notes

• Business, Economics & Law
• Economics
• ECON1020 - Introductory Macroeconomics

Resource Sample

Chapter 9: The economic fluctuations model The basic facts: Fluctuations in inflation are closely related to fluctuations in real GDP. Inflation typically increases to high levels during a boom and falls to low levels during a slump. Figure 9.1: Two-time series graphs showing real GDP (Y) and inflation from the 1987 to 1993 cycle. The economic fluctuation from 1987 through 1993 is shown in these diagrams. Inflations and real GDP (Y) are related: inflation is higher in booms than slumps. (p ...

Resource Topics

• Asset price inflation
• Business
• Business cycle
• Economics
• Gross domestic product
• Inflation
• Inflationary gap
• Macroeconomics
• Monetary policy
• Phillips curve
• Potential output
• Taylor rule

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