Inflation

4 products

each one starts with 100

100 - 120

100 - 110

100 - 100

100 - 90

prices went down during the great depression - deflation

if inflation is 2% a year it’s good, but more than that is bad

Columbus and the colonization of America in the 1500s changes economy

476-1500 didn’t know about inflation because they didn’t experience it for 1000 years

inflation - thye look at th ebasket of good and look at their value change over time (idk i think that’s what he said")

C+G+i - ( ex-im)