A Recursive Inflation-Unemployment Model for Principles of Economics Courses

Different types of inflation are explained with a simple alternative model to the usual array of graphic expositions. The author demonstrates its application in the beginning macroeconomics course.

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Bibliographic Details
Published in:The Journal of economic education 1988-10, Vol.19 (4), p.341-352
Main Author: Evans, Mark O.
Format: Article
Language:English
Subjects:
Content Articles in Economics
Cost Indexes
Economic conditions
Economic expectations
Economic growth
Economic growth models
Economic growth rate
Economic inflation
Economic models
Economic recessions
Economics education
Equilibrium
GNP
Graphs
Gross National Product
Inflation
Inflation rates
Labor force
Macroeconomics
Motion
Nominal income
Price levels
Productivity
Simulation
Students
Unemployment
Velocity
Wages
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Description
Summary:Different types of inflation are explained with a simple alternative model to the usual array of graphic expositions. The author demonstrates its application in the beginning macroeconomics course.
ISSN:0022-0485
2152-4068
DOI:10.1080/00220485.1988.10845283