Chap23
CHAPTER 24 MEASURING THE COST OF LIVING. Inflation Inflation refers to a situation in which the economy’s overall price level is rising. inflation.
Inflation.. Measuring the Cost of Living Inflation ( π ) –occurs when the economy’s overall price level is rising. Inflation Rate ( π %) –the percentage.
Economics INFLATION and Its AFFECTS. Measuring the Cost of Living Inflation ( π ) –occurs when the economy’s overall price level is rising. Inflation.
Measuring the Cost of Living Chapter 6. Learning Objectives u Learn how the consumer price index (CPI) is constructed u Consider why the CPI is an imperfect.
1 st Skinny Front of Room
