Inflation notes by Piper Shields https://padlet.com/1418010/p6a235b6cvf8 en-us 2018-09-10 21:40:31 UTC 2025-12-07 02:32:03 UTC hello@padlet.com Inflation 1418010 https://padlet.com/1418010/p6a235b6cvf8/wish/279631068 Persistent rise in the general price level]]> 2018-09-10 21:42:17 UTC https://padlet.com/1418010/p6a235b6cvf8/wish/279631068 Deflation 1418010 https://padlet.com/1418010/p6a235b6cvf8/wish/279631506 Persistent fall in the general price level]]> 2018-09-10 21:44:55 UTC https://padlet.com/1418010/p6a235b6cvf8/wish/279631506 Disinflation 1414210 https://padlet.com/1418010/p6a235b6cvf8/wish/279631536 The rate of inflation is falling. Price level continues to rise but by a smaller percentage. ]]> 2018-09-10 21:45:04 UTC https://padlet.com/1418010/p6a235b6cvf8/wish/279631536 Consumer Price Index 1418010 https://padlet.com/1418010/p6a235b6cvf8/wish/279631705 - Basket of goods a household would need over a period of time- price is measured and compared with other time periods
- Doesn't account for changes in quality
- Can't account for shifts in preference towards substitutes]]> 2018-09-10 21:46:09 UTC https://padlet.com/1418010/p6a235b6cvf8/wish/279631705 Keynesian: Demand - Pull 1414210 https://padlet.com/1418010/p6a235b6cvf8/wish/279632440 -Too much demand chasing too few goods
-Inflation caused by higher demand in the economy (AD shifts right)
-Tends to occur as economy nears full employment]]> 2018-09-10 21:51:21 UTC https://padlet.com/1418010/p6a235b6cvf8/wish/279632440 Keynesian: Cost - Push 1414210 https://padlet.com/1418010/p6a235b6cvf8/wish/279632784 -increases in CoP will lead to higher prices
-]]> 2018-09-10 21:52:39 UTC https://padlet.com/1418010/p6a235b6cvf8/wish/279632784 Monetarist 1414210 https://padlet.com/1418010/p6a235b6cvf8/wish/279632877 2018-09-10 21:53:31 UTC https://padlet.com/1418010/p6a235b6cvf8/wish/279632877 If NZD had depreciated... 1418010 https://padlet.com/1418010/p6a235b6cvf8/wish/279633454 - Increased costs of goods, eg petrol
- Increased cost of production, therefore less production, therefore less AS --> cost-pull inflation
- Increased price of goods --> INFLATION]]> 2018-09-10 21:57:11 UTC https://padlet.com/1418010/p6a235b6cvf8/wish/279633454 Fixed Exchange Rate 1418010 https://padlet.com/1418010/p6a235b6cvf8/wish/279633628 - No appreciation or depreciation
- Devaluation: when value of a fixed exchange rate decreases to a new, lower rate
- Revaluation: when value of a fixed exchange rate increases to a new, higher rate]]> 2018-09-10 21:58:37 UTC https://padlet.com/1418010/p6a235b6cvf8/wish/279633628