Economics
ECON 120 Grossmont College Stagflation Was Not Cause Video Discussion

econ 120

Grossmont College

ECON

Question Description

I’m working on a Economics exercise and need support.

https://www.youtube.com/watch?v=qQjAbHR40nk&feature=emb_title

https://www.youtube.com/watch?v=SdK_Li6FCic&feature=emb_title

Watch the above videos. Once you have done this click on the above link "Stagflation DB" and create a thread with at least one page answering and explaining the following:

  • What factors contributed to the stagflation of the 1970s?
  • How did Volker deal with the high inflation?
  • Did high oil prices cause the stagflation or was it something else?
  • Is the Fed independent? If so, how do our leaders ensure they maintain the best interests of the public?
  • How does Milton Friedman establish his view that inflation is a monetary issue?
  • According to Friedman, do trade unions cause inflation by pushing up wages and the cost of production?
  • After you post your narrative, reply to at least two other student's comments. Explain why you agree, or better yet, find others that take a different position and explain why you disagree.


NOTE Please read the requirement above

I need it ready before SUN 22 11:00pm Please

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Final Answer

Attached.

Running head: ECON120 DISCUSSION BOARD

ECON 120 Discussion Board
Name
Institution

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ECON 120 DISCUSSION BOARD
ECON 120 Discussion Board
Stagflation
Stagflation is a condition of recession-inflation where the economic growth stagnates or
is slow and there are high unemployment levels. This condition is often accompanied by
inflation and a decline in the gross domestic product (Philadelphia Fed, 2015). The inverse
relationship between inflation and unemployed was believed to be stable until the 1970s when a
period of stagflation was experienced. Milton Friedman, an American Economist...

henryprofessor (72607)
University of Maryland

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