Economics chapters 7 to 11
The monetary system, prices, and inflation Outline 1.What is a monetary system? 2.Index numbers 3.The Consumer Price Index (CPI) 4.The CPI and the Inflation.
The CPI and the Cost of Living Outline 1.Index numbers 2.The Consumer Price Index (CPI) 3.The CPI and the Inflation Rate 4.Adjusting the money (nominal)
The CPI and the Cost of Living Outline 1.The Consumer Price Index (CPI) 2.What is inflation? 3.The CPI and the Inflation Rate 4.Adjusting the money (nominal)
Measuring the Price Level and Inflation Price level Average level of prices in the economy Index A series of numbers used to track a variable’s rise or.
The CPI and the Cost of Living
