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Unformatted text preview: h. Rule of 70 Class video on GDP INFLATION 1. Define inflation. 2. What is a price index? How do you use it to measure inflation? 3. What are the different price indexes? 4. What are the different problems associated with using the CPI to measure inflation? 5. What are the different types of inflation? 6. Explain the causes of demand-pull and cost-push inflation? 7. Describe the redistributive mechanics of inflation. 8. What are some protective measures against inflation? Clearly understand: a. Real and nominal prices b. Bracket creep c. Menu price of inflation. d. Discomfort index....
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This note was uploaded on 03/24/2010 for the course ECON 201 taught by Professor Fairchild during the Spring '08 term at Northern Virginia.
- Spring '08