2 résultats pour "macroeconomics"
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Macroeconomics.
IV INFLATION For several decades after World War II (1939-1945) the main inflation theories were demand-pull and cost-push. The cost-push theory basically emphasized the role ofexcessive increases in wages relative to productivity increases as a cause of inflation, whereas the demand-pull theory tended to attribute inflation more to excessdemand in the goods market caused by expansion of the money supply. A central concept in inflationary theory since the mid-1950s has been the Phillips curve...
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Microeconomics.
changes in any of their underlying determinants. Thus, for example, fairly confident and precise predictions can be made about how changes in consumers' preferencesor in technology are likely to affect demand, supply, and equilibrium output, but only under conditions of perfect competition. Although the model of the firm under conditions of perfect competition is the starting point of the theory of supply in microeconomics, it is generally accepted thatmarkets are not usually characterized by pe...