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This FRED in the Classroom: Measures of Inflation activity also includes:
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Don't just tell class members about how to measure inflation, have them experience it firsthand by asking them to work with real data and construct graphs!
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CCSS:
Adaptable
Concepts
Additional Tags
Instructional Ideas
- Great activity to incorporate after discussing CPI, GDP, and inflation, particularly in an advanced economics class
- Consider working on the activity as a whole group by projecting the website
Pros
- Provides an opportunity to analyze data, calculate the inflation rate over years, and interpret graphs
Cons
- None