Aug 31 2007
You can’t always get what you want… the tradeoff between unemployment and inflation
Published by Jason Welker at 9:39 am under
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IB students – As we begin unit 3.5 from our Macro syllabus, we will start to focus on the relationships between unemployment, inflation, economic growth, and further explore the policy measures available to central banks and governments to achieve macroeconomic goals. Over the weekend, you are to read chapter 16 from our text. In addition, you need to find an article that relates to the Phillips Curve, link to it, summarize it and offer a brief analysis on your own blog. Here are some articles I found by doing a quick search on Google News for “inflation and unemployment”.
- Bloomberg.com: German August Unemployment Falls as Economy Expands
- Polish central bank raises rates third time to keep inflation at bay UPDATE – Forbes.com
- www.kansascity.com | 08/28/2007 | Poverty rate falls, but U.S. has more uninsured
- Canada’s workforce needs to be more mobile to reduce jobless rate: report
- Lower the Fed Funds Rate – WSJ.com
- Bloomberg.com: Japan’s Consumer Prices Fall 0.1%, Production Drops
- TwinCities.com – Over time, data can prove unreliable
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About the author: Jason Welker is a teacher at Zurich International School in Switzerland, where he teaches Advanced Placement and International Baccalaureate Economics. In addition to maintaining numerous online resources for economics student and educators, Jason developed the online version of the IB Economics course for Virtual High School and is currently authoring a textbook for IB Economics students for Pearson Baccalaureate which will be available in Spring of 2011. His economics student wiki won the 2007 "Best Educational Wiki" award from the "EduBlog Awards". Related posts:
- The Federal Reserve and the tradeoff between unemployment and inflation
- Unemployment and inflation: understanding the Fed’s balancing act
- Facts and the Phillips Curve: new evidence of the short-run trade-off between unemployment and inflation
- Inflation in the headlines!
- The true causes of and solutions to inflation in China
Do you like what you read on this blog? The author is currently working on an Economics textbook that will be available to order in Spring 2011. For more information, click above.
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