Inflation and Analyses of Monetary Policies

User Generated

znlb3434

Business Finance

Description

Sherry,

Once again i have the same professor, he is very strict in graded and he checks for plagiarism

Purpose of Assignment

This assignment will introduce students to the U.S. Department of Labor's Bureau of Labor Statistics (BLS) data and provide students with the skills to calculate inflation and interpret the Consumer Price Index (CPI). Note: The BLS is the primary source of information on inflation, but their data is re-posted in other sources, such as the St. Louis Federal Reserve FRED site, among others.

Assignment Steps

Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.

Use an internet search or the University Library to locate information on the Consumer Price Index (CPI). Internet sites you might find useful include the Bureau of Labor Statistics (BLS) and the Federal Reserve of St. Louis FRED web site although you are allowed to use other sources.

Develop a minimum 700-word analysis of inflation by including the following:

  • Choose a product or service you currently consume/use, such as apparel or educational services, that is included in the CPI's "market basket." Find the annual CPI index numbers for your chosen good or service for the years 1995, 2005, 2010, and 2015. Enter those index numbers in an Excel® file and calculate the percent change (inflation rates) in those index numbers from 1995 to 2005, from 1995 to 2010, and from 1995 to 2015.
  • Analyze the trends in overall inflation over the last five years and whether your income has kept pace with inflation. How has inflation over the last five years affected you and/or your family?
  • Discuss how a business manager, such as a human resources manager, might use CPI statistics.

Cite a minimum of three scholarly, peer-reviewed references. (A MUST)

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Explanation & Answer

Hello, please find the paper and let me know in case you have question.

Running Head: INFLATION AND ANALYSES OF MONETARY POLICIES
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Inflation and Analyses of Monetary Policies
Institution Affiliation
Instructor’s Name
Student’s Name
Course Name
Unit Code
Date

INFLATION AND ANALYSES OF MONETARY POLICIES

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Forms of inflation
Introduction
Inflation is defined as an accustomed rise and fall in the possession assessment of money.
It is associated for the side negative effects that it brings to an economy of a given state or a
country. Dismally, eggheads and economists case that there is no chance that a country or a state
can live without encountering inflation. Birkland in 2004 stated that, ‘there is a percentage of
inflation that affects the country’. Once the amount of the currency decreases, the earnings of the
purchaser is also afflicted negatively. With time, buyers are only able to purchase less of the
products unlike when the inflation is low. Trade-...


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