Wonderful handwriting notes for macroeconomics. More than 60 pages of notes about basic concepts, difficult calculations, vivid diagrams of the curves shift, and thoroughly explained fallible points. It is one of the BEST macroeconomic notes you have ever seen.
Reduced purchasing noteverything
powerofdolors is adequately
0
indexed ⽐ inflation
0
Menu costs and shoe -
leather costs (
updating costs ) .
Inflation ( variance 7 makes it harder read loud
price
.
to as a measuve
of scarity and
surplrs ,
.
Increased fimancial
0
uncereainy
、
CPI C consumer Price Indices )
e
The Contral Bank wid choose a bundle of goods that repnesent
ypical household consumption
'
a s
patterns .
imperfeot
household ooksfor a
representaeive
-
{ products / dated
The OpI quantities are
periodicolly up .
CPIs are used o compae prices in diffevent years .
Example ; 4 Apples ,
24 milks
base Pa 4 pm 4 4× 4 + 4 × 24 =
112
year
= =
next Pa 5 Pm 6 4× 5 + 6 × 24 164
year
= =
=
CPI =
New Cost
X 100 = 丛
10
× 100 = 140 .
4
( 12
Base cost
CPIt + 1 PIt 146 4 100
%
-
Inflation
-
⼆ 46 4
.
=
⼆ × 100 .
CPIt 1o 0
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