1. Economic Challenges Facing Contemporary Business Chapter 3 2. Discuss microeconomics and explain the forces of demand and supply. Describe macroeconomics and the issues…
Slide 1What 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 in 1982…
Slide 1Macroeconomic indicator 1 Inflation is the percentage change in the Price Level (PL) from one year to the next. The Consumer Price Index (CPI) is a common measure…
1. Cost of Living &Inflation Measures Robert Scardamalia RLS Demographics, Inc. with regards to Michael Lavin 2. Overview Inflation measures vs. Geographic Cost of Living…
Slide 1 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 Rate…
Slide 1 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) wage…
Slide 1 Chapter 6 Measuring the price level Chapter 5 covered the definition and measurement of the standard of living. We now turn our attention to the cost of living. The…
Slide 1 Unit 2-3: Macro Measures 1 Slide 2 What is Inflation? Inflation is rising general level of prices and it reduces the “purchasing power” of money Examples: It…