MBAE-103: Managerial Economics – Unit 14
Objectives: explain the major causes of inflation; distinguish between demand pull inflation and cost pull inflation; explain the quantity theory of money and structural theory of inflation; and appreciate the effects of inflation on various sections of people.
Materials:
The relevant material is available here.
Questions:
- Give a brief account of dis-inflation for an economy.
- Distinguish between demand-pull and cost-pull inflation.