In class we talked about inflation and the costs associated with rising price level (shoe-leather, menu, unit of account). Know the different costs and also know the real interest rate = nominal interest rate - inflation.
The notes are attached.
Notes - Inflation
HW - Finish Module 14/15 Questions (I will be checking they are complete)
**Quiz #3 - Section 3 - Modules 10-15 is scheduled for Tuesday 10/14
No comments:
Post a Comment