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

Q: As productivity increases for corporations and the economy as a whole, what may be the effect on…

A: Inflation: - Inflation is the phenomenon of an increase in the prices of goods and services in an…

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: What do you mean by inflation? What are the causes of inflation?

A: The economies, and nations around the world work with the ultimate objective of achieving maximum…

Q: Describe the procedure of applying Specific Inflation Rates? Give an example?

A: A specific inflation rate can be calculated as : = ((B-A)/A)*100 Where B is Index value of Current…

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: Does inflation always cause workers losses due to decreases in real wages? Why or why not?

A: Inflation refers to increase in general price level of goods and services over a period of time.

Q: Which type of inflation is usually most pronounced during the expansionary phase of the business…

A: Expansionary phase of business cycle refers to the situation when real GDP is increasing.

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: What do you mean by hyper inflation. Explain in brief ?

A: Inflation: Inflation is an economic concept that is defined as a rise in the general price level of…

Q: Discuss the short-run tradeoff between inflation and unemployment.

A: In short-run inflation and unemployment are negatively related while in the long run, these are…

Q: Which statement is true about inflation? A. As inflation rises, unemployment usually stays the same.…

A: The situation that depicts a general rise in the level of prices of goods and services in the…

Q: What are the costs of expected inflation? Describe briefly

A: Inflation refers to the situation of increasing price level in the economy.

Q: How does the Bangko Sentral ng Pilipinas (BSP) controls and intervene in the inflation rate of the…

A: The Bangko Sentral ng Pilipinas (BSP) introduces to the central authority who control over all the…

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 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: What is happening to inflation in the US economy?

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Which of the following correctly shows the steps needed to calculate the inflation rate?

A: The consumer price index is used in measuring the price level. The consumer price index converts the…

Q: Based on real life situations and what we learn in Economics, is there any benefit to inflation?…

A: Inflation was and still is a contentious topic in economics. Based on the circumstances, even the…

Q: If actual inflation is more than expected inflation,

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What could be a real world example that explains the difference between creeping inflation,…

A: Creeping inflation can be controlled,it is under 5%. Galloping inflation can also be controlled,it…

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: Why do workers, firms, banks and investors in macroeconomics care about the future rate of…

A: Inflation refers to persistent rise in prices. Inflation erodes the purchasing power. Due to…

Q: Answer the question: What is the importance of understanding the inflation rate surges?

A:

Q: How can demand-pull inflation lead to cost-push inflation?

A: The demand-pull inflation is a concept when there is an increase in the price level of the final…

Q: What is the possible factors affecting the inflation trend in Malaysia ?

A: Inflation is an economic phenomenon that is characterized by a sustained rise in prices for a…

Q: What is disinflation? What are the two leading causes of inflation? Where online do you find…

A: In an economy, any change in general price level will lead to arise the situation of inflation or…

Q: define and explain the importance of inflation targeting

A: Inflation means rise in the general prices in the economy that is for selected bundle of essential…

Q: Why is there no upward or downward pressure on the inflation rate when the economy is at full…

A: Inflation refers to the rise in general price levels in an economy. Philips curve shows the…

Q: Differentiate between the General Inflation Rate and Specific Inflation Rate?

A: Inflation can be defined as a condition, when the demand for a particular good service upsurges…

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: What can be used to reduce aggregate demand and helps to control demand pull inflation?

A: Demand pull inflation is a situation when inflation is created due to shortage of supply of goods.…

Q: Critically examine tools for measuring inflation

A: Inflation: A rise in the general price level of goods and services over a specified period of time…

Q: In March of 2020, the Bank of Canada dropped the policy interest rate three times. Were these action…

A: Inflation: - it is the phenomenon of an increase in the prices of goods and services in an economy.

Q: Can inflation can only be controlled by increasing productivity?

A: Inflation refers to the continuous increase in general price level in the economy.

Q: Define Inflation?

A: The economic components are a series of events and categories that act and react to one another to…

Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.