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Read the attached article from The Wall Street Journal.
Questions:
- Have you noticed a “general rise in prices of the time” (the definition of inflation!) for the things you routinely spend money on, since the beginning of the pandemic lockdown (mid-March)? If so, for what types of items?
- Have you seen any goods/services for which there as been deflation? For the goods/services you’ve mentioned, what do you think are the underlying causes?
Sample Solution
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