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Inflation increases the exchange rate, i.e. the local currency depreciates; However, if the magnitude of the internal depreciation is greater than the magnitude of the external depreciation, it can constitute a condition for foreign exchange dumping and promote exports. However, the current reality is that the renminbi depreciates internally and appreciates externally, which should be said to be of great help to imports. For example, from January to September this year, the country's exports increased by 100 million US dollars; Imports of 100 million US dollars, growth, import growth rate higher than export growth rate of 4 percentage points.
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Macroeconomics is very good to learn economics, which is in books. However, in the implementation of macroeconomic policies, this is a very difficult issue, and we must not follow the script. Because the popular point is that there are too many uncertainties in the real society, the game of interests of all parties, and the difficulty of grasping the macroeconomy.
The domestic factors of China's current telephone inflation are definitely caused by two major factors: first, the large investment and construction in 08 and the big credit in 09. Second, due to China's current large surplus of foreign exchange reserves, too much base currency has been issued.
These two points lead to a very excess liquidity of our currency, so it leads to inflation in our country. On the one hand, the exchange rate is an international game, and it is definitely not determined by the supply and demand relationship of a simple market, and this knowledge is not something that a financial talent can understand, but a person with strategic vision can understand. So, of course, it is not a simple sentence that can be explained, it is recommended that you can take a look at Song Hongbing's "Currency War".
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China's inflation has a lot to do with the exchange rate, and inflation is high because of our low exchange rate in the past. That's why we let the renminbi appreciate. Inflation makes domestic commodities ****, and currency appreciation is beneficial to imports, which changes the imbalance of simply more exports and less imports.
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1.Demand-pull inflation is inflation caused by excessive growth in aggregate demand.
2.Cost-driven inflation is also known as supply-based inflation, which is the general level of the general level caused by the increase in the production cost of manufacturers.
3.Inflation driven by a mix of demand and costs.
In practice, the cause of inflation is not single, and the **level** that is promoted at the same time for various reasons is the inflation promoted by the mixture of supply and demand.
This should give you a full score I hope it will be useful to you...
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Macroeconomic. Inflation arises from the following causes: demand-driven inflation; cost-driven inflation; inflation driven by a mix of demand and costs; Expectations and inflationary inertia.
The impact is as follows: the most direct is the decline in the purchasing power of the currency and the depreciation of the renminbi internally. Inflation has exacerbated the flow of money.
speculation, inflated assets, pushing up asset bubbles; The people's property is deprived of their property due to inflation taxes; The cost of living has increased and life is stressful.
Structural inflation – Even if aggregate demand and aggregate supply are in balance, changes in the structure of economic sectors can lead to a price level. The production efficiency of the two divisions is different, the production department and the service department. Monetary wages in the productive sectors are growing faster, while the less productive services sectors are under pressure to increase wages, but productivity cannot increase at the same rate.
As a result, the service sector has generated cost-push inflation. This is how structural inflation works.
Rational expectation of inflation – when the factors of the economy are fully employed, the aggregate supply curve.
It is no longer elastic and has become a completely vertical line, and the actual output has reached the level of potential output. When aggregate demand increases, it only results in a proportional level and has no effect on real output. Because the public will be based on the monetary policy of **.
Carry out anticipation, and after many iterations, you can understand the motivation of the first monetary policy. As a result, the expansionary monetary policy of ** will be ineffective, so the expansionary monetary policy of ** will not only fail to promote the economy but cause stagflation.
Economics in general.
Commonly used Hengyou refers to the Phillips curve.
to describe the substitution between inflation and unemployment: when the unemployment rate is low, the inflation rate.
is higher; When unemployment is high, inflation is low. Some economists also believe that in times of inflation, people may expect higher inflation rates.
Shifting the Phillips curve to the right means grinding higher inflation for the same unemployment rate. This is when the Phillips curve deteriorates. And when the Phillips curve fails, the curve is perpendicular to the horizontal axis, i.e., no matter how high inflation is, a certain unemployment rate remains.
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Generally, it is because of the oversupply of domestic currency, resulting in prices**. The inflation I have experienced is mainly caused by the 4 trillion yuan of expansion of domestic demand implemented in order to reduce unemployment under the financial crisis.
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Combined with the theory of inflation, let's talk about the causes of inflation and the impact of inflation on the economy as follows:
Inflation is defined as a sustained increase in the overall level, in other words, the fact that many goods and services, such as housing, clothing, food, transportation, and fuel, must occur in order for inflation to occur in the economy as a whole. If there are only a few goods or services in the world, inflation will not necessarily occur. Inflation reduces the purchasing power per unit of currency, causing goods and services to deteriorate over time.
It's an economic term that means you have to spend more money to fill up the tank, buy a pound of milk, or get a haircut. In other words, it increases your cost of living. There are many factors that can contribute to inflation in a country's economy, and one of the main causes of demand-pull inflation is excessive growth in aggregate demand.
An increase in aggregate demand can be the result of a number of factors, including an increase in consumer spending, investment spending, net spending, currency, or export earnings. Another major reason for the inflation of Tongru is the reduction in aggregate supply, which is cost-push inflation. If the aggregate supply curve shifts to the left, real GDP will fall and at the same time the ** level will rise.
This has led to a contraction in real GDP and an increase in inflation.
The main reason for the decline in aggregate supply is excessive wage growth, which is not accompanied by an increase in productivity, or an increase in the cost of raw materials and other inputs, or an increase in taxes or other expenses that raise the cost of enterprises. In addition, cost-push inflation may also be a consequence of import inflation.
The beneficial effects of inflation are as follows:
First, moderate inflation can adjust wages. It has been argued that a modest inflation rate makes it easier to adjust relative wages. For example, it may be difficult to cut nominal wages (workers are dissatisfied and resist the cuts in nominal wages).
However, it is much easier to increase the wages of production workers if the average wage** is due to moderate inflation; Unproductive workers can freeze their wages, which is effectively a real wage cut.
Arguably, setting inflation at a high level can boost economic growth. This view is controversial, and not all economists will support raising inflation to target. However, if the economy is in recession for a long time, some people target a higher inflation rate.
On a final note, inflation is better than deflation, and joking economists believe that the only thing worse than inflation is deflation. This could lead to an increase in the real debt burden and discourage spending and investment. Deflation was a factor in the Great Depression of the 1930s.
The costs associated with inflation are numerous, and volatility and uncertainty can lead to lower levels of investment and slower economic growth.
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Answer]: a, b, c, e
Choosing the bad infiltration item D, the actual debt of the debtor is reduced, and the beneficiary is made. Creditor holders who are paid a certain amount of interest will suffer losses due to the decline in the actual interest rate.
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In the case of inflation, there will inevitably be an impact on socio-economic life.
1.If the rate of inflation in a society is stable and fully expected, then the impact of the inflation rate on socio-economic life is minimal. Because under this predictable inflation, various nominal variables can be adjusted according to the inflation rate, so that the real variables remain unchanged.
The only effect of inflation on socio-economic life is that people will reduce the amount of cash they hold;
2.In the event that the inflation rate is not fully predictable, inflation will affect the distribution of social income and economic activity. Because people can't accurately adjust the various nominal variables according to the inflation rate, and the economic behavior they should take.
When inflation is relatively small, the loss of its increase to social welfare is very small, so it is not necessary to think too much about the impact of adopting inflationary policies on social welfare. However, when the level of inflation is high, the loss of social welfare is more significant, therefore, within a certain range, monetary policy can be used to ** the economy without paying too much attention to its impact on social welfare.
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Answers]: a, b, c, d
(e) Inflation is a distribution in favor of the debtor and not in favor of the creditor. Inflation alleviated the debtor's real debt, and Sue Zhen became the beneficiary. Holders of the right to fight with a certain amount of interest will suffer losses due to the decline in the real interest rate.
Intellectual property is the ownership of the results of intellectual labor, which is an exclusive right granted to qualified authors and inventors or owners of results for a certain period of time in accordance with the laws of various countries. It has two categories: one is copyright (also known as copyright, literary property) and the other is industrial property (also known as industrial property).
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