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- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/28%3A_Monetary_Policy/28.4%3A_Historical_Federal_Reserve_PoliciesPaul Volcker, the 12th Chairman of the Federal Reserve, became known for lowering the inflation rate and achieving price stability.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/1%3A_Principles_of_Economics/1.6%3A_Differences_Between_Macroeconomics_and_MicroeconomicsMacroeconomics is the study of the performance, structure, behavior and decision-making of an economy as a whole.
- https://socialsci.libretexts.org/Bookshelves/Economics/Principles_of_Macroeconomics_3e_(OpenStax)/09%3A_Inflation/9.02%3A_Tracking_InflationFor example, an increase of 10% in the rental rate on housing matters more to most people than whether the price of carrots rises by 10%. To construct an overall measure of the price level, economists...For example, an increase of 10% in the rental rate on housing matters more to most people than whether the price of carrots rises by 10%. To construct an overall measure of the price level, economists compute a weighted average of the prices of the items in the basket, where the weights are based on the actual quantities of goods and services people buy.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/19%3A_Measuring_Output_and_Income/19.4%3A_Cost_of_LivingInflation is a persistent increase in the general price level, and has three varieties: demand-pull, cost-push, and built-in.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/34%3A_Interest_and_Profit/34.1%3A_InterestIn economics, capital references non-financial assets used in the production of goods and services.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/1%3A_Principles_of_Economics/1.3%3A_Interaction_of_Individuals_Firms_and_SocietiesFirms allow an economy to operate more efficiently and reduce the transaction costs of coordinating production.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/23%3A_Inflation_and_Unemployment/23.1%3A_The_Relationship_Between_Inflation_and_UnemploymentThe Phillips curve shows the inverse relationship between inflation and unemployment: as unemployment decreases, inflation increases.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/30%3A_Current_Topics_in_Macroeconomics/30.1%3A_Questions_for_DebateDiscretionary policies refer to subjective actions taken in response to changes in the economy.
- https://socialsci.libretexts.org/Workbench/Introduction_to_Macroeconomics/09%3A_The_AD_AS_Model/9.06%3A_How_the_AD_AS_Model_Incorporates_Growth_Unemployment_and_InflationReturning to [link], relatively low cyclical unemployment for an economy occurs when the level of output is close to potential GDP, as in the equilibrium point E 1 . Conversely, high cyclical unemploy...Returning to [link], relatively low cyclical unemployment for an economy occurs when the level of output is close to potential GDP, as in the equilibrium point E 1 . Conversely, high cyclical unemployment arises when the output is substantially to the left of potential GDP on the AD/AS diagram, as at the equilibrium point E 0 . The factors that determine the natural rate of unemployment are not shown separately in the AD/AS model, although they are implicitly part of what determines potential G…
- https://socialsci.libretexts.org/Courses/Prince_Georges_Community_College/ECON_1030%3A_Principles_of_Macroeconomics/05%3A_The_Business_Cycle/5.02%3A_Inflation/5.2.02%3A_Tracking_InflationFor example, an increase of 10% in the rental rate on housing matters more to most people than whether the price of carrots rises by 10%. To construct an overall measure of the price level, economists...For example, an increase of 10% in the rental rate on housing matters more to most people than whether the price of carrots rises by 10%. To construct an overall measure of the price level, economists compute a weighted average of the prices of the items in the basket, where the weights are based on the actual quantities of goods and services people buy.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/26%3A__Fiscal_Policy/26.2%3A__Evaluating_Fiscal_PolicyAutomatic stabilizers are modern government budget policies that act to dampen fluctuations in real GDP.
