Chapter 2 Macro Solution
Stone ch16 lecture_powerpoints
What is Inflation? Inflation is rising general level of prices Inflation reduces the purchasing power of money Examples: It takes $2 to buy what $1 bought.
Inflation Chapter 2Unit 26 Business, Computers, & Information Technology.
Vivian Ho
B321 Macroeconomics Notes
Unit 2-3: Macro Measures 1. What is Inflation? Inflation is rising general level of prices and it reduces the “purchasing power” of money Examples: It.
Inflation, Unemployment, and Employment
Goal #3 LIMIT INFLATION Country and Time- Zimbabwe, 2008 Annual Inflation Rate- 79,600,000,000% Time for Prices to Double- 24.7 hours.
1 Inflation and the Price Level. 2 The Monetary System A monetary system establishes two different types of standardization in the economy –Unit of value—a.
THE CPI AND THE COST OF LIVING Cost of living index A measure of changes in the amount of money that people would need to spend to achieve a given standard.
The CPI and the Cost of Living CHAPTER 7 Eye Ons Consumer price indexNominal interest rate Cost of living indexNominal wage rate Reference base periodReal.
