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Making Sense of the Ups and Downs of Prices

Have you ever heard someone say "Back in my day, a gallon of gas cost a quarter!" Comparing today's prices with prices "back in the day" can be misleading. Both inflation and deflation between then and now have to be taken into account. Read the August 2013 issue to learn more about the effects of inflation on prices.

Keywords:: Inflation, Prices, Economics, Interest, Change, Deflation, Monetary Policy, Federal Reserve, Personal Finance

Disciplines:

Business / Economics

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Material Type:: Open (Access) Journal-Article
Date Added to MERLOT:: February 11, 2020
Date Modified in MERLOT:: February 11, 2020
Author:: Federal Reserve Bank of St. Louis
Submitter:: Adrienne Brennecke
Primary Audience:: Middle School, High School, College General Ed, College Lower Division
Technical Format:: PDF

Mobile Compatibility:: Not specified at this time
Language:: English
Cost Involved:: No
Source Code Available:: Unknown
Accessibility Information Available:: Yes
Creative Commons:: This work is licensed under a Attribution-NonCommercial-NoDerivatives 4.0 International