Inflation by Abigail Sheldon https://padlet.com/abigail_sheldon/29yq75je9v74 Made with a dash of wit en-us 2019-05-14 13:36:21 UTC 2019-05-15 13:53:02 UTC hello@padlet.com What does inflation mean? abigail_sheldon https://padlet.com/abigail_sheldon/29yq75je9v74/wish/359895326 Inflation is,the value of a dollar falls below purchase value]]> 2019-05-14 13:40:38 UTC https://padlet.com/abigail_sheldon/29yq75je9v74/wish/359895326 Example: abigail_sheldon https://padlet.com/abigail_sheldon/29yq75je9v74/wish/359897545 20 years ago the movies would cost either less than a dollar or a little over. Now, in today's world it costs about $8]]> 2019-05-14 13:45:38 UTC https://padlet.com/abigail_sheldon/29yq75je9v74/wish/359897545 What causes inflation? abigail_sheldon https://padlet.com/abigail_sheldon/29yq75je9v74/wish/359899198 It can be caused by a economy growing to fast.]]> 2019-05-14 13:49:09 UTC https://padlet.com/abigail_sheldon/29yq75je9v74/wish/359899198 What else causes inflation? abigail_sheldon https://padlet.com/abigail_sheldon/29yq75je9v74/wish/359900857 One of the basic causes of inflation is the economic principle of supply and demand. As demand for a particular good or service increases, the available supply decreases. When fewer items are available, consumers are willing to pay more to obtain the item.]]> 2019-05-14 13:51:56 UTC https://padlet.com/abigail_sheldon/29yq75je9v74/wish/359900857 How can we stop inflation? abigail_sheldon https://padlet.com/abigail_sheldon/29yq75je9v74/wish/360329265 By reducing inflation.]]> 2019-05-15 13:32:50 UTC https://padlet.com/abigail_sheldon/29yq75je9v74/wish/360329265 What was the inflation rate in the past 2 years abigail_sheldon https://padlet.com/abigail_sheldon/29yq75je9v74/wish/360329945 The 2017 inflation rate was 2.13%. The inflation rate in 2018 was 2.44%.]]> 2019-05-15 13:34:11 UTC https://padlet.com/abigail_sheldon/29yq75je9v74/wish/360329945 It is classified in three types abigail_sheldon https://padlet.com/abigail_sheldon/29yq75je9v74/wish/360330893 Demand-Pull inflation, Cost-Push inflation and Built-In inflation.]]> 2019-05-15 13:36:06 UTC https://padlet.com/abigail_sheldon/29yq75je9v74/wish/360330893 abigail_sheldon https://padlet.com/abigail_sheldon/29yq75je9v74/wish/360331915 2019-05-15 13:38:11 UTC https://padlet.com/abigail_sheldon/29yq75je9v74/wish/360331915 How I classify inflation... abigail_sheldon https://padlet.com/abigail_sheldon/29yq75je9v74/wish/360334073 I understand inflation by thinking one day prices will be so high that a $5 bill will mean the same to us as a $1 bill does today.]]> 2019-05-15 13:41:11 UTC https://padlet.com/abigail_sheldon/29yq75je9v74/wish/360334073 Another definition of inflation... abigail_sheldon https://padlet.com/abigail_sheldon/29yq75je9v74/wish/360336311 a general increase in prices and fall in the purchasing value of money.]]> 2019-05-15 13:45:01 UTC https://padlet.com/abigail_sheldon/29yq75je9v74/wish/360336311