Class today was focused on the concept of "Deflation" and on the effects of falling prices.
We listened to and then read the following article with an eye for evidence the influence of supply and demand: In Pennsylvania, Employment Booms Amid Oil And Natural Gas Bust.
Then the class read UK economy poised to welcome deflation for the first time since 1960. Students were to bring two short written answers to the following questions to the next class:
How can deflation be bad?
How can deflation in one part of the economy (say energy prices) be good?
We listened to and then read the following article with an eye for evidence the influence of supply and demand: In Pennsylvania, Employment Booms Amid Oil And Natural Gas Bust.
Then the class read UK economy poised to welcome deflation for the first time since 1960. Students were to bring two short written answers to the following questions to the next class:
How can deflation be bad?
How can deflation in one part of the economy (say energy prices) be good?
No comments:
Post a Comment