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?

Question

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?

Quizplus · Accepted Answer

The Answer of 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?

Figure 1219: Change in Inflation Δ\DeltaΔ π\piπ ): 2007-2012 -Consider Figure 12

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