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Mind map

Consequences of Inflation

17Y6C32 KOH HUI WEN English

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Consequences of Inflation

DD-pull inflation
- Caused by ↑ AD
  - Low & stable inflation
    - ↑ EG, ↑ Emp
      - ↑ Mat SOL
    - ↑ FDI
      - ↑ PG
      - BOP improves
  - High inflation
    - ↓ FDI
      - ↓ PG
      - BOP worsens
Cost-push inflation
- Caused by ↓ SRAS
  - ↓ EG, ↓ Emp
    - ↓ Mat SOL
  - ↑ Unit COP
    - ↓ FDI
      - BOP worsens
      - ↓ PG
Relatively cheaper M
- ↓ (X-M)
  - BOP worsens
Wage Px spiral
- Worsen inflation
Worsen Y inequality
- Strong vs weak trade unions
- Fixed vs variable Y earners

Information

Description: Mind Map on Consequences of Inflation, created by 17Y6C32 KOH HUI WEN on 17/12/2017.
Created by: 17Y6C32 KOH HUI WEN · Dec 2017
Updated: Dec 22, 2017
Views: 21
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