Inflation and You

Read the attached article from The Wall Street Journal.

Questions:

  • Have you noticed a “general rise in prices of the time” (the definition of inflation!) for the things you routinely spend money on, since the beginning of the pandemic lockdown (mid-March)? If so, for what types of items?
  • Have you seen any goods/services for which there as been deflation? For the goods/services you’ve mentioned, what do you think are the underlying causes?

Sample Solution

ACED ESSAYS