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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.

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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