Discussion: Inflation/Transitory Inflation
Post should be between 300 to 500 words. Provide a list of any references (2-3 are fine) and use APA style.
Include at least one reference using the textbook:
https://unitimesofficial.files.wordpress.com/2020/06/the-economics-of-money-banking-and-financial-markets-11th-edition-global-edition.pdf
In crafting your answers, consider the following crucial theoretical issues (the lack of theory is confusing a lot of journalists and analysts on this topic).
What is inflation? How is it measured? CPI? Core inflation? How is inflation different from the price level. What is hyperinflation? Is the United States going to experience hyperinflation?
Present these two charts from FRED showing the price level versus the rate of inflation. How does the US inflation differ from this one in Venezuela
Venezuela: https://fred.stlouisfed.org/series/FPCPITOTLZGVEN
US: https://fred.stlouisfed.org/series/FPCPITOTLZGUSA
