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Chapter 23 Reflection
This is the last chapter in the course. I hope you have enjoyed the course and are saddened to see it end. What concepts or theories did you find most interesting and/or useful? Is there an area where you changed your thinking? The theories I found most interesting and useful were the data of macroeconomics,…
Chapter 22 Reflection
Describe the short run trade-off between inflation and unemployment. Why is there not a long-run trade-off? How long do you think the short-run lasts? (Or do you believe there is a trade-off at all – many economists don’t. Why? There is a temporary short run trade-off between inflation and unemployment. The Phillips curve suggests that…
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Principles of Macroeconomics Spring 2020 