经济学专业英语Unit9 Inflation精品PPT课件

Core inflation usually excludes energy and food products.
The products that have had largest price changes are taken out.
( 3 ) Hyper inflation
·Extremely rapid or out of control inflation.
Today we will have a command of basic common sense concerning inflation, now let us get in it
1. Definition:
In economics ,inflation is a rise in the general level of prices of good and services in an economy over a period of time.
3.Reasons
Name : Liu Ye Gang
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4.Calculation
INDEX FOR YEAR 3=【(year 3 expenditure )÷(year 1 expenditure )】 =(31÷21)×100%=147.62%
·The most famous example of hyperinflation occurred in Germany between January 1922 and November 1923.
·By some estimates ,the average price level increased by a factor of 20billion.
2.Types
Name : Cui Zheng kun
Kong Xian yu
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Name : Wang Jie
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5.Effects
Name : Long Lan xiao
( 4 ) Stagflation
A condition of slow economic growth and relatively high unemployment accompanied by inflation.
This happened to a great extent during the 1970s,when world oil prices rose dramatically ,fueling sharp inflation in developed countries.
4. Calculation:
( 1 ) Price index: a: Calculation. Look at the table:
Year 1
Year 2
Year 3
Total
expendi ture
21.00 25.50 31.00
Year 1 =BASE YEAR
INDEX FOR YEAR 2 = 【(year 2 expenditure )÷(year 1 expenditure )】 ×100％=(25.50÷21)×100％=121.43％
Unit 9
Inflation
—— Group 9
List:
1.Definition
Name : Yu Hui
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3.Reasons:
( 1 ) Demand pull inflation. a: Increase in money supply.
b: Increase in government purchases. c: Increase in exports.
( 2 ) Cost push inflation. a: Increase in money wage rates. b: Increase in money prices of raw materials.
2.Types:
( 1 ) Headline Inflation ·Also known as “top-time
inflation”. ·Comparisons of need line inflation are
typically made on a year-over-year basis
( 2 ) Core inflation ·Core inflation removes the CPI components that can exhibit large amounts of volatility month to month ,ie those that can have temporary price shocks.
Ma Xue rong
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