APMac Unit 5 Lesson 3 - Money Growth and Inflation (Modules 31-33) by jclerch https://padlet.com/jclerch/ube66niu1aw9 Long-Run Consequences of Stabilization Policies en-us 2019-07-23 23:23:23 UTC 2025-11-12 11:13:21 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/135439946/0d85f872dddde2a6b5ca6e1a01c10b0c/IMG_12291.png jclerch https://padlet.com/jclerch/ube66niu1aw9/wish/372294575 2019-07-25 16:00:48 UTC https://padlet.com/jclerch/ube66niu1aw9/wish/372294575 Essential Knowledge jclerch https://padlet.com/jclerch/ube66niu1aw9/wish/372388922 Inflation (deflation) results from increasing (decreasing) the money supply at too rapid of a rate for a sustained period of time.

When the economy is at full employment, changes in the money supply have no effect on real output in the long run.

In the long run, the growth rate of the money supply determines the growth rate of the price level (inflation rate) according to the quantity theory of money.
]]> 2019-07-26 14:06:26 UTC https://padlet.com/jclerch/ube66niu1aw9/wish/372388922 Enduring Understanding jclerch https://padlet.com/jclerch/ube66niu1aw9/wish/372388958 There are long-run implications of monetary and fiscal policy.]]> 2019-07-26 14:06:52 UTC https://padlet.com/jclerch/ube66niu1aw9/wish/372388958 Lesson Objectives jclerch https://padlet.com/jclerch/ube66niu1aw9/wish/372388977 Explain (using graphs as appropriate) how inflation is a monetary phenomenon.

Define the quantity theory of money.

Calculate the money supply, velocity, the price level, and real output using the quantity theory of money.
]]> 2019-07-26 14:07:09 UTC https://padlet.com/jclerch/ube66niu1aw9/wish/372388977 jclerch https://padlet.com/jclerch/ube66niu1aw9/wish/468385661 2020-03-20 19:12:52 UTC https://padlet.com/jclerch/ube66niu1aw9/wish/468385661 jclerch https://padlet.com/jclerch/ube66niu1aw9/wish/468396203 2020-03-20 19:22:16 UTC https://padlet.com/jclerch/ube66niu1aw9/wish/468396203 jclerch https://padlet.com/jclerch/ube66niu1aw9/wish/493386762 2020-04-05 15:58:03 UTC https://padlet.com/jclerch/ube66niu1aw9/wish/493386762 Lesson Introduction jclerch https://padlet.com/jclerch/ube66niu1aw9/wish/1305647794 2021-03-13 17:06:49 UTC https://padlet.com/jclerch/ube66niu1aw9/wish/1305647794 Questions jclerch https://padlet.com/jclerch/ube66niu1aw9/wish/1305648519
  • What is hyperinflation and how is it caused? 
  • What is the quantity theory of money, and how is it related to nominal GDP? 
  • What is rational expectations theory, and why is it unrealistic? 
  • What is a monetary rule?
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