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Figure 1219: Change in Inflation Δ\Delta π\pi ): 2007-2012
-Consider Figure 12

Question 38

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Figure 12.19: Change in Inflation ( Δ\Delta π\pi ): 2007-2012 Figure 12.19: Change in Inflation ( \Delta \pi ): 2007-2012 -Consider Figure 12.19, which shows the change in inflation from 2007.08-2012.05. If you are Ben Bernanke, Fed chairman, during this period, what is your primary concern during the period, roughly, 2008.08-2009.12? What would you do to remedy this situation? What curve are you likely to consider when you make your policy decision?
-Consider Figure 12.19, which shows the change in inflation from 2007.08-2012.05. If you are Ben Bernanke, Fed chairman, during this period, what is your primary concern during the period, roughly, 2008.08-2009.12? What would you do to remedy this situation? What curve are you likely to consider when you make your policy decision?

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