Unit 2: Introduction to Macroeconomics

Lesson 9b: Inflation

Something Interesting - Why are we studying this?

Read "Fact 1 Adjusted for inflation, the federal minimum wage peaked in 1968" in the short 2017 news article below about the effects of inflation on the minimum wage.. http://www.pewresearch.org/fact-tank/2017/01/04/5-facts-about-the-minimum-wage/ After reading the article you should be wondering "What causes inflation and what can be done about it?". After studying this lesson you should have a better answer to that question. OPTIONAL, but interesting: - http://www.huffingtonpost.com/2013/02/13/minimum-wage-productivity_n_2680639.html - http://www.businessinsider.com/heres-how-seniors-have-been-getting-screwed-by-how-we-calculate-social-security-2013-11

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