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No, the interest rate is not the price of money
The notion that the interest rate is the price of money is seriously misled. As I move forward with my lectures on the Keynesian system, this is something that I want to make clear to my students. Certainly, when evaluating the Keynesian model, we need to understand what the model says (and what it does not […]
READ MOREBuilding a Price Index, With Donuts and Mountain Dew
Students at Monument Mountain Regional High School are exploring a very interesting and creative twist on traditional economic indexing.
The Everyday Price Index, calculated each month by the American Institute for Economic Research, reflects price changes felt by Americans on a day-to-day basis, measuring the prices of those items that they buy frequently, such as food, utilities, fuel, and prescription drugs.
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