Chapter 32 Inflation, Disinflation, and Deflation

Chapter 32 Inflation, Disinflation, and Deflation

Author: Matthew Lonn

Students will examine inflation and the relationship between inflation and unemployment using the Phillips Curve.

See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

28 Sophia partners guarantee credit transfer.

264 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 22 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.


Questions you should be able to answer.

1. What are the different causes of inflation?

2. What is the Phillips Curve?

3. What can cause the Phillips Curve to shift?

4. What can cause a movement along the Phillips curve?

5. What is the relationship between inflation and unemployment?

Chapter 32 Notes

Phillips Curve explained