曼昆宏观经济学第三十章(精品·公开课件).pptVIP

* * * * * Align text for second bullet. * * * * The equation of the fisher effect must appear here or on a new next slide: “Nominal interest rate = real interest rate + inflation rate” * * * * * * * * * * * * * * * * * I believe this slide is out of place. It belongs in the previous chapter. Delete it here. THE COSTS OF INFLATION A Fall in Purchasing Power? Inflation does not in itself reduce people’s real purchasing power. THE COSTS OF INFLATION Shoeleather costs Menu costs Relative price variability Tax distortions Confusion and inconvenience Arbitrary redistribution of wealth Shoeleath