Macroeconomics (9th Global Edition)
Macroeconomics (9th Global Edition)
9th Edition
ISBN: 9780134141534
Author: Andrew B. Abel, Ben Bernanke
Publisher: Pearson Global Edition
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Chapter 1, Problem 3RQ
To determine

The concepts of inflation and deflation and the behavior of price levels of consumer goods in America prior to and post-World War II.

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Which of the following economic changes are consistent with demand-pull inflation? Check all that apply. Falling unemployment   Excessive issuance of money by the central bank   An increase in the price level
Which of the following economic changes are consistent with cost-push inflation? (More than one may apply)   A. An increase in the price level   B. A sudden and sharp decline in the quantity of money issued by the central bank   C. Rising unemployment
Using diagrammatic illustrations where necessary, write brief notes on the following concepts.i. Demand-pull and cost-push inflation ii. Consumer Price Index iii. GDP deflator iv. Cost of expected inflation v. Cost of unexpected inflation

Chapter 1 Solutions

Macroeconomics (9th Global Edition)

Ch. 1 - Prob. 1RQCh. 1 - Prob. 2RQCh. 1 - Prob. 3RQCh. 1 - Prob. 4RQCh. 1 - Prob. 5RQCh. 1 - Prob. 6RQCh. 1 - Prob. 7RQCh. 1 - Prob. 8RQCh. 1 - Prob. 9RQCh. 1 - Prob. 10RQ
Ch. 1 - Prob. 1NPCh. 1 - Prob. 2NPCh. 1 - Prob. 1APCh. 1 - Prob. 2APCh. 1 - Prob. 3APCh. 1 - Prob. 4APCh. 1 - Prob. 5APCh. 1 - Prob. 2WWMDCh. 1 - Prob. 3WWMD
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