Macroeconomics

  1. Real Interest rate:
    Nominal annual interest rate – annual inflation rate
  2. Menu costs:
    Costs to firms ofchanging prices
  3. Increase in consumer spending
    leads to demand-pull inflation if economy is currently operating at close or atfull employment.
Author
jacob
ID
44536
Card Set
Macroeconomics
Description
Chp11 Inflation
Updated