Inflation – Macroecon - Unit 2 Which car costs more? Inflation is a general increase in prices. When thinking about inflation though, you need to keep in mind …. ….…

Inflation Basics Inflation Basics Dr. D. Foster â ECO 285 Inflation Defined A continuous rise in the general price level. Not a rise in some prices. Not a one-time rise…

In this chapter, look for the answers to these questions: What is the Consumer Price Index (CPI)? How is it calculated? Whatâs it used for? What are the problems with the…

Inflation – Macroecon - Unit 2 Which car costs more? Inflation is a general increase in prices. When thinking about inflation though, you need to keep in mind …. ….…

The Joint ECE/ILO Group meetings on Consumer Price Indices â 30 years on Some history First meeting 1978 ILO initiative To promulgate & share good practice First recorded…

Dr. D. Foster â ECO 285 â Spring 2014 Required Readings - CPI Critiquing the CPI (St. Louis Fed) Overview of BLS Statistics on Inflation and Prices (BLS) Common misconceptions…

PowerPoint Presentation Gross domestic product (GDP) The market value of all final goods and services produced in a country during a period of time, typically one year. GDP…

1.Chapter 5 Macroeconomics The Big Picture 2. Economic Growth • The growth rate of real Gross Domestic Product (GDP) per capita is the most common measurement of increasing…

Alternative Inflation Measures Comparison: core vs. overall Overall measures: very volatile, especially because of food & energy shocks Core = excluding food & energy…