Business, 18.02.2021 03:20, rachael382

1. "On the radio today, a financial commentator was reporting that the CPI-whatever that stands for was 4.2 percent last year and that this was
high inflation for the U. S. economy. My contract at work has a cost of
living adjustment so my paycheck went up 4.2 percent more than last
year. I don't see what all the fuss is about. I'm making more money now.
What's wrong with inflation, and by the way, what is CPI?"
Use your knowledge of CPI (Consumer Price Index) and inflation, to
write a response to this person explaining why they aren't really making
more money at their job, why inflation is a bad thing, an what the CPI is.
(Answer needs to be 3-5 sentences)

Answers: 2

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1. "On the radio today, a financial commentator was reporting that the CPI-whatever that stands for...