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Chapter 16. Inflation and Deflation. Link to syllabus. From page 481 to page 491. The Classical Model of the Price Level. Fig. 16-1, p. 477. Done earlier, as Figure 12-16, p. 367. Unemployment and Inflation, 1960s. Figure 16-6,-7 p. 485.
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Chapter 16. Inflation and Deflation Link to syllabus From page 481 to page 491
The Classical Model of the Price Level. Fig. 16-1, p. 477. Done earlier, as Figure 12-16, p. 367.
The Phillips Curve: Concept, and empirical data. (Another text).
AD-AS Model, and the Short Run Phillips Curve. Figure 16-8, p. 486.
Expected Inflation and the Short Run Phillips Curve. Fig. 16-10. p. 457.
Unemployment and Inflation, 1961-1990. Figure 16-10, p. 489.
NAIRU and the Long Run Phillips Curve. Fig. 16-11, p. 490 The Classical Model of the Price Level. Fig. 16-1, p. 486. A vertical LRAS is the same as a vertical LRPC. (Can be considered the core of non-interventionist stance).
Zero Bound (on interest rates) in US History. Fig. 16-14, p. 464. Zero interest rates only in the 1930s
Inflation and Wages in the U.S. and the Eurozone. Figure 16-3 p. 447 Greater indexing in Europe makes them move more closely together.