ECO2013 Inflation Essay

For example barack obama wanted to higher minimum

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Unformatted text preview: to the CPI being the measurement of how much stuff costs us. Inflation can be bad and it is an economic problem because it usually doesn’t turn out the way people think it does. Suppose if it benefits one, it will hurt the other. For example, Barack Obama wanted to higher minimum wage from $7.67 to $9.00 an hour. People getting paid minimum wage will jump with excitement and happiness. But what’s the bad news? Where...
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This document was uploaded on 03/25/2014 for the course ECO 2013 at Miami Dade College, Miami.

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