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Focus on Economic Data: U.S. Consumer Price Index, November 19, 2008
Source: Council for Economic Education (EconEdLink) | Type: Lesson
This lesson focuses on the Consumer Price Index (CPI) and rate of inflation reported November 19, 2008, by the U.S. Bureau of Labor Statistics for the month of October, 2008. Students read the BLS report, analyze the meaning of the CPI data, determine the change in consumer prices, and explore the impact of the change in the price level on consumers and the economy.
Grades:
Concepts:
- Business
- Business Cycles
- Causes of Inflation
- Deflation
- Economic Security
- Inflation
- Macroeconomic Indicators
- Price
- Price Stability
- Trade-offs among Goals
Standards:
- Economics 8: Role of Price in Market System
- Economics 11: Role of Money
- Economics 12: Role of Interest Rates
- Economics 18: Macroeconomy-Income/Employment, Prices
- Economics 19: Unemployment and Inflation
- Economics 20: Monetary and Fiscal Policy
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