Inflation - Worksheets

There are two worksheets available for inflation. The first worksheet looks at the relationship between inflation and other economic outcomes, and considers some possible causes of inflation. It then goes on to suggest some experiments with the model to see how inflation reacts to different policy changes. The second worksheet looks at the Phillips Curve relationship between unemployment and inflation and considers whether that relationship will still exist in the future.

1. Inflation - are price increases inevitable?
2. The Phillips Curve - trading off unemployment and inflation