Inflation is a measure of how prices have changed over time.\u00a0 If prices are changing due to inflation, each dollar spent will buy less.\t\tIn order to answer the questions below, go to the following website:\u00a0\u00a0http:\/\/www.bls.gov\/cpi\/\tQuestions:\t\t\t\u00a0What is inflation? What are the causes of inflation?\u00a0 Is inflation desirable and what can be done to control inflation in a market economy?\t\t\tWhat is the Consumer Price Index (CPI)?\u00a0 How has the CPI behaved since the year 2000?\u00a0 What have been the causes of these changes? In your response, include a graph of the CPI for this period and cite your source.\t\t\tWhat is the Producer Price Index (PPI)?\u00a0 How has the PPI behaved since the year 2000?\u00a0 What have been the causes of these changes? In your response, include a graph of the PPI for this period and cite your source.\t\t\tWhat is the Consumer Expenditure Survey (CE)?\u00a0 How has the Survey behaved since the year 2000?\u00a0 What have been the causes of these changes? In your response, include a graph of the CE for this period and cite your source.\t\t\tWhat do the measures above tell us about consumer behavior?\u00a0 Have incomes changed enough to offset the inflation since 2000?\u00a0 What can we predict about future inflation?\tWhat are the implications of these measures for government economic policies?<\/p>\n","protected":false},"excerpt":{"rendered":"
Inflation is a measure of how prices have changed over time.\u00a0 If prices are changing due to inflation, each dollar spent will buy less. In order to answer the questions below, go to the following website:\u00a0\u00a0http:\/\/www.bls.gov\/cpi\/ Questions: \u00a0What is inflation? Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-210565","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=210565"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210565\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=210565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=210565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=210565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}