The 'Great Inflation' period refers to the period of high inflation in the United States during: The First Year of the Obama Administration (Feb. 2009 thru March 2010). The early 1970's through the early 1980's The Period immediately following the Stock Market Crash in 1929 The early and mid 1960's through the Kennedy and Johnson administrations
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- What started the U.S. inflationary spiral in the 1960s?The CPI was 17.2 in 1931. And was 12.9 in 1935. What is the inflation rate between 1931 and 1935?Which of the actions can the Federal Reserve take to reduce inflationary pressures in the United States? A. Increase government spending B. Increase the money supply C. Increase interest rates
- Imagine that in three successive years, 1990 to 1992, the CPI stood at 100, 105 and 110. This means that inflation showed a modest fall in 1992. Select one: O True OFalseWith regards to inflation, comment on any differences between the input and output rates of inflation, the implications and consequences, and what action could be taken to enhance the banks position.All of the following are examples of contractions fiscal policy except
- Which of the following actions can the Federal Reserve take to reduce inflationary pressures in the United States? A. Increase government spending B. Increase the money supply C. Increase interest rates D. Increase taxesThe United States has been deeply affected by the coronavirus pandemic. Americans have lost significantly more jobs than most other advanced economies during the COVID-19 downturn. Roughly 9.6 million U.S. workers (ages 16 to 64) lost their jobs, based on averages of 2019 and 2020 unemployment data. Considering that joblessness reduces the household income and subsequently savings, explain how this situation has affected the loanable funds market of United states. Illustrate your answer with an appropriately labelled diagram. U.S economy contributes for about 16% of global output and thus has strong impact on world economy. In relation to your answer in part (a), how do you think the conditions in the global loanable funds market change? COVID-19 pandemic in 2020 led to a loss of 8.8 percent of global working-hours and a global labor income decline of about 8.3 percent.[1] Why was the percentage loss in labor income lower than the percentage loss in labor working-hours? Use diagrams…What does this mean? "the natural rate of unemployment"? Also can elaborate more on why the longrun philips curve is vertically at that rate? Lastly why inflation is also constant in longrun equillibrium?
- With regards to inflation for the current year and medium term, comment on any differences between the input and output rates of inflation, the implications and consequences, and what action could be taken to enhance the banks position.Why inflation in not considered in future value?Inflation is generally controlled by the Central Bank. The main policy instrument used is monetary policy, but in theory, there are a variety of other tools for controlling inflation. Using illustrative diagrams where necessary, explain how each of the following instruments can be used. a) Monetary policy b) Supply-side policies c) Fiscal policy d) Wage controls