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Délaissant l'Inflation sous Johnson

  • Notes d'étude
  • Révisions du sujet
    Israel D.
    ET
    Israel D.

    politics can affect the economy ?

    Lazarous M.
    ZW
    Lazarous M.

    Demand pull inflation can push the price of basic commodity high at the expense of scarcity goods.

    Ibrahim Junior R.
    SL
    Ibrahim Junior R.

    The basic reason that wage and price controls were adopted was that the traditional Keynesian remedy for inflation - cutting back aggregate demand - suddenly seemed inadequate to the new situation. In a general way, however, by the early 1970’s, prices had a tendency to rise well before full employment in the economy was reached. Inflationary pressures were being felt even when there was substantial unemployment in the economy.

    Ibrahim Junior R.
    SL
    Ibrahim Junior R.

    One thing that happens when inflation gets going is that all groups feel that they are losers. When this uncertainty about the future becomes contagious…things can get bad for everybody. But whether justified or not, this fear of falling behind can unquestionably be a major factor causing inflation to increase. The sanitation workers feel they are falling behind. They strike and get a higher wage. But now other public employees see that they really are falling behind…They demand even higher increases. But now other workers…coal-miners, assembly-line workers, sales clerks…see that they are falling behind. Up goes wages, then prices, then wages, then prices

    Mahmoud E.
    EG
    Mahmoud E.

    Aggregate Supply and Demand, it is very very useful.

    Denil S.
    GB
    Denil S.

    Its like wars are made to ensure more employment and more money are risen to pay for the big fish, to pay for the wars damage, message to be sent across, politics make war to become popular. Messing with salary already spent.

    GABRIEL FOSU A.
    GH
    GABRIEL FOSU A.

    Demand-pull inflation is asserted to arise when aggregate demand in an economy exceed aggregate supply. It involves inflation rising as real gross domestic product rises and unemployment falls. "too much money chasing too few goods" in the country.

    GABRIEL FOSU A.
    GH
    GABRIEL FOSU A.

    Does it always involve the rise of inflation?

    Rebecca A.
    GB
    Rebecca A.

    Can demand pull inflation bring about unemployment?

    Rebecca A.
    GB
    Rebecca A.

    Well explained and quite educative.

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