Do you think that we should try to control inflation or that we should let the market take care of lowering price levels? Explain your answer.

Q: could policy makers achieve a permanently lower level of unemployment if they were prepared to…

A: The Philips curve depicts the relationship between the inflation and unemployment rates.  The…

Q: How can inflation create revenues for the government, exemplify the dynamics of this process?

A: The inflation is the rise in the price level of goods and services in the economy. This can happen…

Q: Which should central banks focus on more, unemployment or inflation? Why? Please cite sources to…

A: A increase in the cost of goods and services throughout the economy is referred to as inflation. A…

Q: What is Inflation? How it is measured? What Fiscal and Monetary policies are generally adopted to…

A: Answer- Need to find- What is Inflation? How it is measured? What Fiscal and Monetary policies are…

Q: Based on the concept of demand-pull inflation, when the economy is at, or very close to,…

A: Demand-pull inflation explains the imbalance between the aggregate demand and the aggregate supply…

Q: Explain why a sudden, large burst of inflation could lead to a recession?

A: Inflation is the continuous rise in the price level of commodities in a nation over a period of…

Q: What prediction can you make about the inflation when a country is in war? Write your answer with…

A: The aggregate demand curve shows the negative relationship between price level and real GDP where…

Q: should the government emphasize full employment, and should the central banks prioritize…

A: Unemployment refers to people who are employable and actively looking for work but can't find one.…

Q: Discuss the economic consequences of inflation. How far can monetary measures control inflation?

A: The normal inflation rate is good for the economy because it helps to boost the economy but high…

Q: How does inflation impacts people. Give examples

A: Inflation : The Inflation can be defined as the process of rising prices in the economy. These…

Q: the article discusses the balance between inflationary pressures and other economic tensions. What…

A: ‘Inflation’ refers to an increase(↑) in the ‘general ‘Price(P) level’’. It occurs when ‘money…

Q: The great economist Milton Friedman has said that “inflation is always and everywhere a monetary…

A: Inflation is defined as the rate at which prices rise over time.  Inflation refers to a broad…

Q: Suppose an economy has a high rate of unemployment and a high rate of inflation. What kind of policy…

A: The measure that depicts a general rise in the price level of goods and services during a specified…

Q: Which type of inflation is considered good for the economy and why? Explain you answer using one…

A: Inflation is defined as the overall increase in the price level in the economy. The rate of…

Q: What sort of event could lead to a simultaneous decrease in both inflation rate and the unemployment…

A: Inflation is defined because the rate at which prices rise over time. Inflation is sometimes defined…

Q: What is the difference between demand- pull and cost-push inflation? Discuss two mechanisms that…

A: Inflation refers to a rise in the general price level over a period of time. It results in a…

Q: Describe the fiscal and monetary measures that are normally taken to curb inflation.

A: FISCAL MEASURES 1- The two main important tool of fiscal measures are revenue an dtaxes. 2- To…

Q: What can be used to reduce aggregate demand and thereby control demand pull inflation? One word

A: According to the given question Demand pull inflation is basically known as inflation which…

Q: Why governments / decision makers try to achieve the stable economic growth and lower inflation?…

A: When inflation rises, unemployment falls. When aggregate supply or aggregate demand increases,…

Q: conservative" central banker cares   Select one:   A.   less about inflation and more about…

A: When talking about Central Bank, it can be said that it is different from other banking institutions…

Q: Identify and briefly describe some statistical index to measure the effects of inflation

A: Inflation alludes to changes over the long haul in the general degree of prices of labor and…

Q: Explain what kind of monetary policy and fiscal policy tools can be used to fight against inflation

A: Monetary Policy The goal of the monetary policy is to influence the money supply in the economy to…

Q: Using appropriate diagrams, explain the difference between demand-pull and cost- push inflation.

A: Inflation:  Inflation is simply the rise in the general price level of goods and services over a…

Q: What is inflation? How is it measured? Briefly discuss the factors which can cause Inflation. List…

A: Inflation: Inflation is defined as rise in the general price level of goods and services over a…

Q: Explain how inflation can control by using Fiscal and Monetary policy?

A: Inflation is the gradual loss of a currency's buying value over time. The increase in the average…

Q: when the economy approaches fall employment why does demand pull inflation become a problem?

A: Full employment is a level of output at which aggregate demand is equal to the aggregate output.…

Q: Explain what we can understand by expected inflation, inflation due to an increase in aggregate…

A: Inflation in an economy is referred to be as a rise in the general price level of goods and…

Q: how does the fiscal policy and monetary policy handle the major macroeconomic failures of inflation?

A: Fiscal policy is the economic policy that entails policy tools include spending by the government,…

Q: Demand-pull inflation can develop when...

A: Demand is the total quantity of commodities for which the customers are ready to pay various…

Q: Fully explain why unanticipated inflation can decrease the level of economic activity

A: unforeseen inflation is a term used to describe inflation that occurs unexpectedly. When the price…

Q: Can you please help me with this question. How inflation accelerate with supply shortage of vehicles…

A: Supply shortage of vehicles arise when quantity demanded of vehicles is more than quantity supplied…

Q: What unique factors in the 1970s era caused widespread inflation?

A: According to the Phillips curve , there exists an inverse relationship between inflation and…

Q: Describe Inflation and how it is measured? Ascertain the Fiscal and Monetary policies that are…

A: Inflation is defined as the rise in the average price level of commodities and services in the…

Q: Explain both demand-pull and cost-push inflation

A: Inflation is the rate of increase in the general price level in the economy over a period of time.…

Q: What is Inflation? How it is measured? What Fiscal and Monetary policies are generally adopted to…

A: Inflation is the continuous rise in prices due to increased money supply in the market.