INFLATIONCLASS - Prices SR Inflation SR Phillips Curve 1...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1 1 Prices, SR Inflation & SR Phillips Curve 2 Key Points ± CPI – interpretation, calculation, problems ± GDP Deflator and Chain weighted indexes ± Harm of Inflation-anticipated, unanticipated ² Inefficient use of money, distortion of price system, redistribution lenders/borrowers, uncertainty ² Harm of Deflation, Hyperinflation ± Inflation Causes in the Short-Run – Keynesian ² Demand-pull, cost push ² Wage- price Spirals ² Wage Price Guidelines ± Short-run Phillips Curve 3 Course Issues ± Clicker points again ± Midterm – Weds 7pm – Thurs 9 pm– online 40 questions covering weeks 1-7 50 minutes ² Tips under assignments ± Assignment 9 – due THURSDAY after break ± W deadline ± Advising and Investment Game
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 4 In the News? 5 Consumer Price Index Release - BLS ± January 2010 - On a seasonally adjusted basis , the January Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the index increased 2.6 percent before seasonal adjustment . ± The seasonally adjusted increase in the all items index was due to a rise in the energy index. ² An increase in the gasoline index was the main factor, and the indexes for fuel oil and natural gas rose as well, though the electricity index declined.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/30/2011 for the course ECONOMICS 103 taught by Professor Sheflin during the Spring '08 term at Rutgers.

Page1 / 6

INFLATIONCLASS - Prices SR Inflation SR Phillips Curve 1...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online