Sunday, October 15, 2017

Consumer Price Index

The Consumer Price Index is perhaps the most popular of the many price indices calculated by the federal government. It is used to determine Social Security benefits, Cost of Living Adjustments, and the amount of certain taxes that are paid. The Federal Reserve Bank of Cleveland has a neat educational tool known as the
"drawing board" on their website. Watch the following video (Click on post title to go to video) and in your post you must do two things.
1) Come up with a legitimate higher order thinking question over material covered in the video.
2) Provide an answer to someone else's question that they posted. (In your answer be sure to list whose question it is you are answering.)
3) Once someone's question is answered it is no longer usable by anyone else.


My Question #1"How is the Economy like Goldilocks?