Economics Natural Rate Hypothesis and Adaptive Expectations 15 May 2020 Natural Rate Hypothesis and Adaptive Expectations - Friedman's View Regarding Phillips Curve Another explanation of occurrence of a higher rate of inflation simultaneously with a higher rate of unemployment was…
Economics Inflation – Unemployment Trade-Off — Phillips Curve 13 May 2020 Inflation - Unemployment Trade-Off --- Phillips Curve Keynesian Explanation of Phillips Curve - The explanation of Phillips Curve by the Keynesian economists is quite simple. Keynesian economists assume the upward…
Economics Inflation – Unemployment Trade-off — Introduction 12 May 2020 Inflation - Unemployment Trade-off --- Introduction Inflation and Unemployment - Keynesian Model of Economy - In simple Keynesian model of economy, the aggregate supply curve (with variable price level) is…
Aim Institute of Economics 