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Teaching About Money, Spending, and Inflation Using a Classroom Inflation Auction
Students participate in two auctions: The goods in each auction are identical, but the amount of money given to students increases from the first to the second auction. Students learn that if spending grows at a faster rate than the economy’s ability to produce goods and services, inflation will result. This is inflation caused by “too much spending chasing too few goods.�...
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This work is licensed under a Attribution-NonCommercial-NoDerivatives 4.0 International