ch32 inflation

Ensuring Price Stability

Chapter 32

Inflation Is a Fundamental Constraint on Economic Policy

Chapter 32 Figure 32-1

English Price Level and Real Wage, 1264-2002 (1270 = 100)

Chapter 32 Figure 32-2

Consumer Prices in the United States,

1776-2003

Chapter 32 Figure 32-3

Inflation Has Remained Low and Stable in Recent Years

Chapter 32 Figure 32-4

Money and Hyperinflation in Germany, 1922-1924

Chapter 32 Figure 32-5

Demand-Pull Inflation Occurs When Too Much Spending Chases Too Few

Goods

Chapter 32 Figure 32-6

An Upward Spiral of Prices and Wages Occurs When Aggregate Supply and Demand Shift Up

Together

Chapter 32 Figure 32-7

The Short-Run Phillips Curve Depicts the Tradeoff between Inflation and

Unemployment

Chapter 32 Figure 32-8

The Shifting Phillips Curve

Chapter 32 Figure 32-9

Actual Unemployment Rate and NAIRU

Chapter 32 Figure 32-10

Actual and Predicted Inflation, 1995-1999

Chapter 32 Figure 32-11

Chapter 32 Table 32-1

Chapter 32 Table 32-2

Chapter 32 Table 32-3