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What does the Phillip's Curve illustrate?
A graph that shows that there is a relation between unemployment and inflation: One can either have a high inflation and low unemployment or low inflation with high unemployment.
What is better for the economy low inflation or high inflation?
Generally, low inflation is better for society because inflation has costs associated with the reallocation of assets and their value (that is, it costs money for people to change their decisions when inflation changes the value of their goods/services).
Is it good to have a high inflation rate or low?
Low inflation is considered good because it represents price stability, which encourages productive planning and investment.
Does the UK have low inflation?
Depends what you mean by "low". There are various measures and various types of inflation. The British Government has several, and has recently moved from one to another to calculate "inflation linked" price and pay increases. It's around 5% currently.
What are the effects of low real GDP?
core inflation rate
Sentence with the word inflation?
"The Rate of inflation is at an all time low!"
What does the Phillip's Curve illustrate?
A graph that shows that there is a relation between unemployment and inflation: One can either have a high inflation and low unemployment or low inflation with high unemployment.
What is better for the economy low inflation or high inflation?
Generally, low inflation is better for society because inflation has costs associated with the reallocation of assets and their value (that is, it costs money for people to change their decisions when inflation changes the value of their goods/services).
Is it good to have a high inflation rate or low?
Low inflation is considered good because it represents price stability, which encourages productive planning and investment.
What are not goals of federal economic policy?
Low inflation
What does Hawk and Dove mean in financial terms?
Financial hawks favor low inflation over high economic growth, and want interest rates set high to keep inflation low. Financial doves prefer low interest rates and believe inflation has a minimal impact on society.
Does the UK have low inflation?
Depends what you mean by "low". There are various measures and various types of inflation. The British Government has several, and has recently moved from one to another to calculate "inflation linked" price and pay increases. It's around 5% currently.
What are the effects of low real GDP?
core inflation rate
What did the existence of low inflation and low unemployment in 1900s puzzle some economists?
Because unemployement fell to its lowest level in decades, and inflation crept along at less than 3%
Lowest inflation rate in world?
The lowest inflation rate in the world is 0% in Japan. There are countries in which there is a negative inflation, but these cases are not called low inflation, they are called deflation. the highest deflation rate is 3% in Nauru (you may as well call it a -3% inflation)
What is the inverse relationship between inflation and unemployment rates?
They are inversely related. High unemployment means lots of people don't have jobs. Because they don't have jobs their incomes are low. Low incomes means they can't spend much money on products. This means that demand in the economy will fall. This fall in demand will drive producers to lower prices...and therefore inflation falls. So... High unemployment = low inflation Low unemloyment = higher inflation
Has the reserve bank of South Africa succeeded in keeping inflation within the range?
Yes, because the inflation rate is now low.
