ECO 372 Week 3 participation Principles of Macroeconomics, Ch. 17: Money Growth and Inflation

Consider the following as you read:

1. Consider how to explain how an increase in the price level affects the real value of money.
2. Be able to explain the difference between nominal and real variables and give two examples of each.
3. Consider the costs of inflation. Which of these costs do you think are most important for the U.S. economy?