Introduction to principles of macroeconomics/Inflation trends

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Kahn Academy Video's about unemployment.

Watch these Kahn Academy video's on Youtube. The first discusses different demand-pull inflation in 1960s USA; the second looks cost-push inflation, especially in the context of an oil shock.

Consider the following questions:

  • What are the key differences between these two kinds of inflation?
  • Do either of these models fully explain inflation?
  • Which do you think is most appropriate for use in today's economy?

Having viewed this short video signpost, please address at least one of these questions on WENotes below.