Inflation rate can be defined as the percentage rate at which prices of goods and services change over a period of time Sheffrin 7. In this case, inflation rates can be used to calculate interest rates and any expected increase in wages Inflation rate Inflation rate is measured by looking at the current average price level and the price level that had been witnessed a year ago. The USA inflation rate has been changing as time goes by in It should be known that the government calculates its inflation rate to one decimal place. As a matter of fact, it has been ranging from 2.
Essay on Inflation
Essay on Inflation with Quotations | Rising of Prices Essay with Outline
Argumentative Essay On Minimum Wage
Introduction Minimum wage, a program created to help the poor, has every contrary effect to its well intentions. Throughout the history, people who hurt the most during minimum wage hikes are the low-skilled and young workers. Drastically raising minimum wage is meaningless as high inflation usually comes alongside with wage increases.
In fact, the debt levels for Canadians is at an all time high as households have one dollar and sixty five cents of debt for every one dollar of disposable income Parkinson, The illustrates that the Canadian economy is doing well as more people are taking on debt to purchase the items that they want. Overall, the Canadian government needs to implement several polices in order to prevent another recession which will help improve the Canadian economy. Spending money in the economy is good until inflation becomes a factor. Due to the rising levels of debt, the risk of inflation is high.