The document discusses inflation, defined as a rise in the general price level of goods and services in an economy over time. It outlines different types of inflation including creeping, walking, running, and hyper inflation based on the inflation rate. The two main causes of inflation are demand-pull inflation, which occurs when aggregate demand increases faster than supply, and cost-push inflation, which happens when aggregate supply decreases due to increased production costs. Demand-pull inflation is caused by factors like increased money supply or income, while cost-push inflation stems from issues like higher input costs or natural disasters. Inflation can have both positive and negative effects on an economy.
In these slides there is a basic introduction of inflation. It includes it's meaning, definition, types, causes, effects, control measures and present scenario of Rwandan Economy.
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.
Inflation rate, the annualized percentage change in a general price index, usually the consumer price index, over time.
In these slides there is a basic introduction of inflation. It includes it's meaning, definition, types, causes, effects, control measures and present scenario of Rwandan Economy.
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.
Inflation rate, the annualized percentage change in a general price index, usually the consumer price index, over time.
inflation-causes types and control methodsIMS GHAZIABAD
PPT on inflationary trends in INDIA, which consists of all the information about inflation begning from types of inflation to causes and trends of inflation in INDIA.
inflation-causes types and control methodsIMS GHAZIABAD
PPT on inflationary trends in INDIA, which consists of all the information about inflation begning from types of inflation to causes and trends of inflation in INDIA.
Following this presentation you will:
- Understand what 'Inflation' and 'Deflation' means.
- Differentiate between Inflation and deflation internal and external causes
- Understand what 'Consumer Price Index (CPI)' means
- Realise the limitation of the CPI in forecasting the level of inflation
Money: Definition, Origin, Functions, Inflation, Deflation, Value of Money, M...flowerpower_1324
These slides cover the first chapter of the B.Com "Banking and Finance" syllabus: Money.
It includes the following topics: Definition, Origin, Functions, Inflation and its remedies, , Deflation and its causes, reflation, devaluation, , Monetary and Fiscal Policy, Paper Money: its kinds and advantages and disadvanatges, Monetary system, Value of Money: quantity theory of money, cash balance approach, modern theory of money.
in first part of this power point presentation, you'll know about business cycle and some basic terminology of business cycle graph.
In second part, you'll understand the basic concept of inflation, i.e.. definations, types, causes, measures, etc...
Hope, it'll be benificial to you
THANKYOU :)
This document was made as an assignment for the course of Economics.
This document was made by the help of several books and online portals. Thanks to the author of that resources.
MACRO PART 2 Handout Guide (See Handouts for Help)SECTION 9a).docxinfantsuk
MACRO PART 2 Handout Guide (See Handouts for Help)
SECTION 9
a)-d) HO17 P2,3
SECTION 10
a)-c) HO17 P3
d) HO17 P4
e) I did in class
f) HO17 P7
g) HO17 P10
SECTION 11
a) HO18 P2
b) HO18 P5 top
c) HO18 ↓D↑S
d) HO18 ↑D↓S
SECTION 12
a) HO20 P4 top
b) HO21 P4 bottom
c) HO21 P5 top
d) HO21 P5 bottom
e) HO21 P6 top
f) HO21 P7 bottom right
SECTION 13
a) HO22 P6
b) HO22 P7 top
c) HO22 P7 bottom
d) HO23 I showed how in class
e) HO23 P1
f) HO23 P4 bottom
g) HO23 P3 or P4 top depending on what you did in f)
h) HO23 P5 bottom 2 graphs
SECTION 14
a) HO24 P1,2
b) HO24 P10 2 graphs
c) HO24 P12
d) HO24 P2
e) HO24 P3
f) HO24 P4
g) HO24 P6
SECTION 15
a) HO21 P4 bottom
b) HO21 P5 top
c) HO27 P8
d) HO25 P2
e) HO25 P3 only move to the left, not back
f) HO21 P3
g) HO27 P11
SECTION 16
a) HO26 P1
b) HO26 P2
c) HO26 P3 2 graphs
d) HO26 P4 other direction (decrease)
SECTION 17
a) HO27 P3 top 2 paragraphs
b) HO27 P9 top and P11. Also look at HO17 for 3 methods.
c) HO27 P6 and P8. Also look at HO17 for 3 methods.
d) HO27 P5 bottom graph. Ripple pages 8 bottom thru 11
e) HO27 P5 top graph. Ripple pages 6 thru 8
Handout #25P
Inflation
Up, Up and Maybe Away
Inflation is an ongoing process in which there is a broad increase in the price level and money is losing its purchasing value. Changes in the money supply cause changes in the price level. Changes in the price level can be one-time or a persistent rise in the rate at which the price level increases.
Demand-Pull Inflation
A one-time demand induced price increase comes from a outward shift in aggregate demand, such as an increase in the money supply or a component of GDP—C, I, G or NX.
The one-time demand induced increase will lead to an increase in aggregate demand and the economy will be in an inflationary gap—the price level will be higher, real GDP will be higher than Qn and unemployment will be lower than Un. Since the economy is self-regulating, the shortage in the labor market with U < Un will lead to wages being bid up. Higher wages lead to increased costs to producers, which in turn leads to a decrease in SRAS back to Qn. Basically, a demand-induced change leads the self-regulating economy back the full employment level of real GDP, at a higherpricelevel.
Demand-pull inflation rises from continual outward shifts in aggregate demand which are caused by continuous increases in the money supply.
Continual increases in the money supply will lead to continual increases in aggregate demand and the economy will be in repeated inflationary gaps—in repeated cycles, the price level will be higher, real GDP will be higher than Qn and unemployment will be lower than Un. Since the economy is self-regulating, the shortage in the labor market with U < Un will lead to wages being bid up. Higher wages lead to increased costs to producers, which in turn leads to a decrease in SRAS back to Qn. Basically, continuous increases in the money supply leads the self-regulating economy back the full employment le ...
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2. Inflation
Inflation is aInflation is a Rise in the General Price LevelRise in the General Price Level
of goodsof goods and services in an economy over aand services in an economy over a
period of time.period of time.
When the price level rises, each unit ofWhen the price level rises, each unit of
currency buys fewer goods and services i.e.currency buys fewer goods and services i.e.
the Value of Money falls.the Value of Money falls.
A chief measure of price inflation is theA chief measure of price inflation is the
inflation rateinflation rate..
6. What’s the differenceWhat’s the difference??
The difference between these twoThe difference between these two
types of inflation is found in theirtypes of inflation is found in their
causes.causes.
Both have the same effectsBoth have the same effects
(increasing price level), but they are(increasing price level), but they are
cause d by diffe re nt thing s.cause d by diffe re nt thing s.
8. Aggregate supplyAggregate supply
is the total volume of goods andis the total volume of goods and
services produced by an economy ofservices produced by an economy of
a country at a given price level.a country at a given price level.
Aggregate demandAggregate demand
is the total volume of goods andis the total volume of goods and
services demanded by the country.services demanded by the country.
Basic Terms:Basic Terms:
9. Demand-Pull Inflation
Demand-pull inflation occurs when the level ofDemand-pull inflation occurs when the level of
aggregate demand increasesaggregate demand increases faster than thefaster than the
underlying level of supply.underlying level of supply.
When the people as a whole get more money theyWhen the people as a whole get more money they
are able to pay more for goods and servicesare able to pay more for goods and services
(unless more goods and services are produced)(unless more goods and services are produced)
"too much money chasing too few goods""too much money chasing too few goods"
10. Pricelevel/inflationPricelevel/inflation
Output / employmentOutput / employment
ADAD1
AD2
AS
Demand-Pull Inflation curveDemand-Pull Inflation curve
when there is a rightward shift in the demandwhen there is a rightward shift in the demand
curve we say that its demand pull inflation.curve we say that its demand pull inflation.
QQ11 QQ22
PP11
PP22
Rightward shiftRightward shift
11. Factors for Increase in DemandFactors for Increase in Demand
Increase in Money SupplyIncrease in Money Supply
Reduction in TaxesReduction in Taxes
Repayment of Past Internal DebtRepayment of Past Internal Debt
Increase in ExportsIncrease in Exports
Increase in IncomeIncrease in Income
Depreciation of local exchangeDepreciation of local exchange
ratesrates
12. Cost-Push Inflation
Cost-push inflation occurs when there is aCost-push inflation occurs when there is a
decrease/disruption in thedecrease/disruption in the aggregate supplyaggregate supply
of goods and services due to increase in theof goods and services due to increase in the
cost of production.cost of production.
Cost-push inflation basically means thatCost-push inflation basically means that
prices have been "pushed up" by increasesprices have been "pushed up" by increases
in costs of any of the four factors ofin costs of any of the four factors of
production (labor, capital, land orproduction (labor, capital, land or
entrepreneurship)entrepreneurship)
13. Cost-Push Inflation curveCost-Push Inflation curve
When there is a shift in the supply curveWhen there is a shift in the supply curve
backwards we say that inflation is cost pushbackwards we say that inflation is cost push
AS2
Pricelevel/inflationPricelevel/inflation
Output / employmentOutput / employment
ADAD
AS1
QQ11QQ22
PP11
PP22
backward shiftbackward shift
14. Stagflation
When rise in price level and fall inWhen rise in price level and fall in
employment occurs simultaneously,employment occurs simultaneously,
then it is calledthen it is called stagflationstagflation..
It is the worst type of inflation.It is the worst type of inflation.
15. Factors for Increase in CostFactors for Increase in Cost
Increase in cost of raw materialsIncrease in cost of raw materials
Increase in TaxesIncrease in Taxes
Increase in Rent, Wages, BillsIncrease in Rent, Wages, Bills
Shortage of suppliesShortage of supplies
Natural calamitiesNatural calamities
Increase in exportsIncrease in exports
17. Inflation can haveInflation can have
PositivePositive andand NegativeNegative
effects on an economy.effects on an economy.
18. Negative effects:Negative effects:
1.1.Loss in stability in the real value of money.Loss in stability in the real value of money.
2.2.Uncertainty about future inflation may discourageUncertainty about future inflation may discourage
investment and saving.investment and saving.
3.3.High inflation may lead toHigh inflation may lead to sho rtag e s o f g o o dssho rtag e s o f g o o ds if consumersif consumers
beginbegin ho ardingho arding out of concern that prices will increase in theout of concern that prices will increase in the
future.future.
Positive effects:Positive effects:
1.1.Mitigation of economic recessions.Mitigation of economic recessions.
2.2.Debt relief by reducing the real level of debt.Debt relief by reducing the real level of debt.