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Description
- Overview:
- As inflation raises the overall price level in an economy, the purchasing power of the dollar decreases and both borrowing and lending costs increase. The January 2023 issue of Page One Economics® discusses how price indexes can be used to transform nominal wages and interest rates into real, or inflation-adjusted, values.
- Subject:
- Finance, Economics
- Level:
- High School, Community College / Lower Division, College / Upper Division
- Material Type:
- Lesson, Reading
- Author:
- Diego Mendez-Carbajo
- Provider:
- Federal Reserve Bank of St. Louis
- Provider Set:
- Page One Economics
- Date Added:
- 01/01/2023
- License:
- Educational Use Permitted
- Language:
- English
- Media Format:
- Downloadable docs
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