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Discuss how we measure inflation in the us

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Reference no: EM131913825

Explain how inflation, and more importantly, unexpected inflation, can redistribute purchasing power from one group to another. Use specific examples involving wages and interest rates.

Discuss how we measure inflation in the U.S. Identify some of the potential problems with this measure as well as the solution that the Bureau of Labor Statistics has come up with.

Reference no: EM131913825

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