资源描述：
《经济学宏观3E全套配套课件哈伯德HO3e_ch16.ppt》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。
1、CHAPTER16Behindtheroller-coasterrideofGDP,unemployment,andinflationareindividualfirmsandworkers.Inflation,Unemployment,andFederalReservePolicyFernandoQuijanoPreparedby:CHAPTER1616.1TheDiscoveryoftheShort-RunTrade-offbetweenUnemploymentandInflationDescribethePhillip
2、scurveandthenatureoftheshort-runtrade-offbetweenunemploymentandinflation.16.2TheShort-RunandLong-RunPhillipsCurvesExplaintherelationshipbetweentheshort-runandlong-runPhillipscurves.16.3ExpectationsoftheInflationRateandMonetaryPolicyDiscusshowexpectationsoftheinflat
3、ionrateaffectmonetarypolicy.16.4FedPolicyfromthe1970stothePresentUseaPhillipscurvegraphtoshowhowtheFederalReservecanpermanentlylowertheinflationrate.ChapterOutlineandLearningObjectivesInflation, Unemployment,andFederalReservePolicyPhillipscurveAcurveshowingtheshort
4、-runrelationshipbetweentheunemploymentrateandtheinflationrate.TheDiscoveryoftheShort-RunTrade- offbetweenUnemploymentandInflationFigure16-1ThePhillipsCurveDescribethePhillipscurveandthenatureoftheshort-runtrade-offbetweenunemploymentandinflation.A.W.Phillipswasthef
5、irsteconomisttoshowthatthereisusuallyaninverserelationshipbetweenunemploymentandinflation.Herewecanseethisrelationshipatwork:IntheyearrepresentedbypointA,theinflationrateis4percentandtheunemploymentrateis5percent.IntheyearrepresentedbypointB,theinflationrateis2perc
6、entandtheunemploymentrateis6percent.16.1LEARNINGOBJECTIVEExplainingthePhillipsCurvewithAggregateDemandandAggregateSupplyCurvesFigure16-2UsingAggregateDemandandAggregateSupplytoExplainthePhillipsCurveTheDiscoveryoftheShort-RunTrade- offbetweenUnemploymentandInflatio
7、nInpanel(a),theeconomyin2011isatpointA,withrealGDPof$14.0trillionandapricelevelof100.Ifthereisweakgrowthinaggregatedemand,in2012,theeconomymovestopointB,withrealGDPof$14.3trillionandapricelevelof102.Theinflationrateis2percentandtheunemploymentrateis6percent,whichco
8、rrespondstopointBonthePhillipscurveinpanel(b).Ifthereisstronggrowthinaggregatedemand,in2012,theeconomymovestopointC,withrealGDPof$14.6trillionand
