Chapter Introduction
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MODULE 14
Inflation: An Overview
AP PHOTO/PAUL SAKUMA
14Inflation: An Overview
In this Module, you will learn to:
Calculate the rate of inflation
Specify the economic costs of inflation
Identify who is helped and who is hurt by inflation
Explain why policy makers try to maintain a stable rate of inflation
Differentiate between real and nominal values of income, wages, and interest rates
Discuss the problems of deflation and disinflation