In our last article, we talked about inflation, economic growth and how output changes over time. We finished the article by saying that “inflation is …
The Macroeconomics series (III): Inflation is not a monster
price level
The Macroeconomics Series (II): Inflation and growth
Our first article in this series on macroeconomics covered GDP (Gross Domestic Product). We made a distinction between nominal GDP and real GDP based on …