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INFLATION AND UNEMPLOYMENT INFLATION 1. Historical experience of inflation 2. Causes of inflation 3. Costs of inflation: why is inflation a problem? 4.
© The McGraw-Hill Companies, 2002 0 Inflation is... Inflation is a rise in the price level. Pure inflation is when goods and input prices rise at the same.
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16-1 Copyright © 2012 Pearson Prentice Hall. All rights reserved. C H A P T E R 16 The Dynamics of Inflation and Unemployment Copyright © 2012 Pearson.
The Data of Macroeconomics macro. Important issues in macroeconomics Why does the cost of living keep rising? Why are millions of people unemployed,
