Macroeconomic Theories of Inflation - IPEDR
2015-3-23 · Macroeconomic Theories of Inflation Jalil Totonchi Islamic Azad University, Yazd Branch, Department of Economics, Yazd, Iran ([email protected]) ... aggregate supply at the full employment level, the inflationary gap arises. The larger the gap between aggregate demand and aggregate supply, the more rapid is the inflation. ...