Chapter 13
Section 2 Inflation
1) How does inflation affect your purchasing power? How can it make you poorer?
2) What measurement does the government use to determine the overall effect of inflation on consumers? What kinds of goods and services are the basis of their evaluation?
3) How is the inflation rate determined?
4) Of the three different kinds of inflation, which is the most dangerous to an economy?
5) What are the tree different kinds of inflation? Which one does the government have the most direct control over?
6) Who in society is hurt most by inflation? Why?
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