But I imagine the government measuring sticks will continue to tell us that we are living in a period of very low inflation for the foreseeable future, and that we should be more concerned about the prospects of deflation. *** end quote *** What “they” have fooled everyone into ...
An economy's relationship between short-run equilibrium output and inflation its aggregate demand curve is described by the equation: Y=13 , 000?20,000 ?. Initially, the inflation rate is 4 percent, o If inflation is bad, why...
v0.12 - Economics, coups, and technical improvements Major changes: - Added an inflation variable, and relationships between inflation/deflation, unemployment, and spending. - New events: High Inflation, Labor Unrest - New economic plan: moderate/reformist plan - Added a tabbed view in...
Why is deflation considered to have negative consequences for an economy? (a) Why some people lose from inflation? (b) Why do some people win from inflation? Why do economists claim that we should not worry about a 7% inflation? Why was inflation so high thirty years ago, and now very...
@@ -88,8 +88,8 @@ class PartGood extends Good { private static final double WIRE_COST = .005; private static final double ELECTRONIC_COST = .5; private static final double INITIAL_PART_DEMAND = 1; private static final double INITIAL_PART_SUPPLY = 0; private static final double INITIAL...
TheInternational Monetary Fundexplains, "Although high inflation hurts an economy,deflation, or falling prices, is not desirable either. When prices are falling, consumers delay making purchases if they can, anticipating lower prices in the future." This results in less economic activity and lower ...
Why does inflation hurt the poor and middle class but help the rich? Why is deflation worse than inflation? Why do you think price stability is such an important macroeconomic goal? Discuss the consequences of inflation. Why does a strong home currency mit...
In regard to the instructor and institutional factors, Professor Malkiel’s approach will successfully eliminate grade compression and the removal of student critique power will further eliminate content deflation as teacher’s will no longer have to make a class easier to entice students to provide ...
connected to the inflation needle 65 at the second end 56B of the post 56 such that the inflation needle 65 is in fluid communication with the gas transport hose 67, the pressure gauge 34 or pressure sensor 234, and manual or automatic deflation valve 70, if present, and the gas supply...
An inflation/deflation assembly, which can be mounted upon the inflation valve assembly of an inflatable bag, so as to permit both the inflation and deflation of the inflatable as may be desired. The