Chapter_07　The Anatomy of Inflation　and Unemployment多恩布什宏观经济学（教学课件）PPT.pptVIP

Introduction So far have focused on how various economic factors determine output, prices, unemployment, and inflation ? now examine the consequences of inflation and unemployment and the tradeoff between them What are the “big picture” costs of moderate inflation and unemployment rates? There are two major costs of unemployment: Lost production Undesirable effects on the distribution of income The costs of inflation depend on the type: Unanticipated inflation creates significant redistribution of wealth Impact of anticipated inflation, especially of moderate levels, is small Unemployment The