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Anonymous users2024-02-06Let me briefly say that according to the Phillips curve, inflation and unemployment are in a substitutionary relationship, but in some special periods, there will also be the phenomenon of the failure of the Phillips curve, that is, the emergence of the anti-Phillips curve, the specific examples appeared in China in 1980 1982 and 1991 1994
In 1980 and 1982, the unemployment rate and inflation decreased at the same time, which was due to the fact that inflation occurred for the first time since China's reform and opening up, and China attached great importance to it; In addition, in 1979, when the educated youth returned to the city, there was huge employment pressure, and in order to alleviate these pressures, China increased employment at the expense of the interests of certain sectors, so that the unemployment rate and inflation decreased at the same time.
During the period of 1991 and 1994, the unemployment rate and inflation increased at the same time, which was due to the overheating of investment caused by the southern tour, which triggered the inflation of up to 25 at that time. As a result, there was a simultaneous upward trend.
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Anonymous users2024-02-05Not necessarily. May increase or decrease.
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Anonymous users2024-02-04Inflation rate.
The relationship with the unemployment rate is as follows: the inflation rate and the unemployment rate first move in the opposite direction, when the inflation rate.
After reaching a certain level, it moves in the same direction. When the inflation rate is at a low level, it is a benign inflation, which can promote the increase in investment, the expansion of production, and the rise in the employment rate, which is an inverse relationship between the inflation rate and the unemployment rate.
The relationship between inflation and unemployment can be traced by the Phillips curve.
Embodiment. The Phillips curve is a curve given by Phillips based on realistic statistics to reflect the correlation between the rate of change in money wages and the unemployment rate. The Phillips curve has been modified to represent the relationship between unemployment and inflation.
The short-run Phillips curve differs from the long-term Phillips curve in explaining the relationship between inflation and unemployment.
The inflation rate, an economic term, refers to the rate at which the general price level is raised over a certain period of time (usually one year). Reflects the extent of inflation. It is usually expressed by the rise of the ** index and the decrease in the purchasing power of the currency.
The inflation rate, also known as the rate of change in prices, is the ratio of the excess amount of money to the amount of money actually needed, which is used to reflect the degree of inflation and currency depreciation.
In terms of economic prolongation, the inflation rate is: the increase in the average price level (based on inflation). Using the analogy of a balloon, if its size is the price level, the inflation rate is the degree of balloon inflation. Or, the degree to which inflation declines in the purchasing power of money.
In practice, inflation is generally not calculated directly, nor is it possible, but through the growth rate of the ** index.
to indirectly represent. Since the consumer cavity fiber is the final reflection of the formation of commodities through all aspects of circulation, it most comprehensively reflects the demand for currency imitation in commodity circulation. Hence the Consumer ** Index.
It is the most adequate and comprehensive index that reflects the inflation rate. Countries around the world basically use the consumer index, or CPI, to reflect the degree of inflation.
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