What Effect Did the Dirigisme System Have on the French

question 11

Essay

What effect did the dirigisme system have on the French economy in the decades after World War II? How has this model fared through the economic changes of the last 20 years?

Evaluate the effects of inflation on consumer decisions and market efficiency.

Understand how inflation influences nominal and real gains in investments.

Describe the relationship between inflation, money growth rate, and nominal and real variables in the long run.

Discuss examples of menu costs and how they relate to inflation.