4 ms·
Does Econ101 dig into the differences between demand-side and supply-side inflation? Or what happens when you try to hide the deflationary effects of debt destr
by 314 5y ago
Does Econ101 dig into the differences between demand-side and supply-side inflation? Or what happens when you try to hide the deflationary effects of debt destruction through money printing?
I ask because I'm unfamiliar with the basic curriculum in economics, although in the sciences some of the early concepts that we are taught include:
* Correlation is not causation
* Confirmation bias should be overcome by posing relevant testable questions rather than relying on anecdotes.
- pram 5y agoYes the aggregate demand/supply model covers demand and supply shocks, which can correspond to inflationary and recessionary conditions.