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Economics

Inflation and purchasing power

Use price indexes to measure inflation and compare values across time.

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Where this chapter sits in the course

Lessons

Chapter 11 of 18 · 6 short lessons · 24 min
  1. 1Consumer price index4 min
  2. 2Inflation rate calculation4 min
  3. 3Inflation, disinflation, and deflation3 min
  4. 4Nominal and real values4 min
  5. 5Limits of price indexes3 min
  6. 6Challenge: Inflation and purchasing power6 min

What you'll learn

  • Interpret price indexes and calculate inflation
  • Convert nominal values to real values
  • Recognize limitations of inflation measures

Your plan from this chapter

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