Friday, February 10, 2006

A Nasty Whiff of Inflation

I welcome you to ask questions about the above article from the first section. As Simon pointed out, the article can be confusing to you- I read it over again and realized that it talks a lot about concepts (monetary policy and interest rates for example) that you haven't learned anything about yet. I think the main gist of what you are supposed to be getting from this article is an example of what would cause inflation, or an increase in the CPI. The parts about loose monetary policy and such are still a little over your heads at this point, but not to worry!


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