This chapter discusses causes of inflation. a. Do you believe the cause of inflation is to be

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This chapter discusses causes of inflation.

a. Do you believe the cause of inflation is to be found in the institutional structure of wage- and price-setting institutions or in excess demand for goods and services?

b. If you believe inflation is caused by wage- and pricesetting institutions, what type of policy would you recommend?

c. If you believe that inflation is caused by excess demand, would your policy recommendations be the same? (Post-Keynesian)

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Macroeconomics

ISBN: 978-1259663048

10th edition

Authors: David C. Colander

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