Inflation

Inflation [12/16] by openlectures Recognise that there is a paradoxical relationship between achieving low inflation and economic growth (see philips curves); recognise that supply-side policies often come into play for long run economic growth, and that fiscal policy used to curb deflation is often an extreme measure only used in desperate situations (see oil embargo crisis) -- ^^^ SUBSCRIBE above for more quick lectures! ^^^ VISIT openlectures: http://openlectures.org ABOUT openlectures: http://openlectures.org/team FOLLOW openlectures: FB - http://facebook.com/OpenLectures