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Inflation and Monetary Policy: Economic Measurement, Effects, and Policy Responses

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Economics - Macroeconomics

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michael1tekrzp Created by 10 mon ago

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Cards in this deck(35)
What is the term for when the price level increases persistently in the economy?
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What is the term for when the price level decreases persistently in the economy?
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What is the importance of measuring the difference between nominal and real values?
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What are the four problems associated with unexpected inflation?
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What is the Consumer Price Index (CPI)?
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What is a base-year in economic terms?
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What are the biases that make the CPI an imperfect measure?
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What was the inflation rate in 2023?
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What is the Unidad de Medida y Actualización (UMA) used for?
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What is expected inflation?
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What are rational expectations in economics?
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What are adaptive expectations?
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What does the Phillips Curve illustrate?
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How does lower output affect inflation and unemployment?
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What does NAIRU stand for?
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What is inflation inertia?
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What is demand-pull inflation?
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What is cost-push inflation?
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What is seigniorage?
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What is a problem associated with seigniorage?
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What are the costs of expected inflation?
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What are the costs of unexpected inflation?
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What is one benefit of inflation?
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What is hyperinflation?
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What are the costs of hyperinflation?
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What is the main cause of hyperinflation?
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Why do governments print more money?
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When did hyperinflation occur in Greece?
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When did hyperinflation occur in Germany?
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When did hyperinflation occur in Yugoslavia?
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When did hyperinflation occur in Zimbabwe?
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When did hyperinflation occur in Hungary?
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What are the causes of Venezuela's hyperinflation?
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When did hyperinflation occur in Venezuela?
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What are some solutions for Venezuela's hyperinflation?
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