Inflation is a cornerstone of macroeconomic theory
(This is worth up to 3 additional points on the Mid-Term Exam. For example, an
85% score on this would give you 2.55 additional percentage points of extra
credit on the Mid- Term.)
Inflation is a cornerstone of macroeconomic theory, and as such I'd like you to
do a little field work of your own regarding the topic. What I'm asking for in this
assignment is to pick a good or service that interests you, do some research to
determine what prices were for that good in the years 2009 through 2013 and
provide a brief explanation (2 paragraphs or so) as to why you think they
changed over that span of time.
Some guidelines:
1. Your best bet for general inflation data is www.bls.gov. However, finding
information on specific prices may entail doing some more creative web
searching. If you cannot find detailed price information for each year, just
locate what you can.
2. I'd like you to cite your source of information for price information. I don't need
a MLS style citation, just a website.
3. Have fun with this. Pick something that interests you, not just something that is
easy to find information for (i.e. gasoline).
12 years ago
7
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