Watch the above videos. Once you have done this respond to each of the bullets below in at least 2-3 sentences. What is Stagflation and what factors contributed to the stagflation of the 1970s?
How did Volker deal with the high inflation?
Is the Fed independent? If so, how do the FED leaders ensure they maintain independence?
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.
The post understanding the concept of stagflation, the actions taken by Fed chairman Paul Volcker to address high inflation, the independence of the Federal Reserve, and Milton Friedman’s view on the relationship between inflation and monetary policy. appeared first on assignmentscribe.blog.
