Lecture Notes 1

Lecture Notes 1 - inverse relationship the Phillips Curve o...

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Macroeconomics: 21/03/11 Ideal macroeconomic factors: high employment, high price stability/low inflation, high growth in GDP Inflation, unemployment axis Is there a trade-off between unemployment levels and inflation rates? A 30 year period in the states would have a negative correlation trend in a scatter diagram, indicating an
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Unformatted text preview: inverse relationship the Phillips Curve o This graph assumes there is a trade off between unemployment and inflation large macroeconomic factors High inflation and high unemployment: stagflation o 1973-1978: oil price issues...
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This note was uploaded on 09/08/2011 for the course ECON 101 taught by Professor Gulati during the Spring '11 term at Columbia.

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