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Adjusting for Inflation

Adjusting for Inflation

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.
Keywords:
Inflation, Prices
Disciplines:
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More about this material

Material Type:
Open (Access) Journal-Article
Date Added to MERLOT:
February 25, 2024
Date Modified in MERLOT:
July 25, 2024
Author:
 
Submitter:
Scott St. Louis
Primary Audience:
Middle School, High School, College General Ed, College Lower Division
Technical Format:
PDF, Website
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
Unknown
Creative Commons:
Creative Commons License
This work is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International

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