Research Interest-Effects of inflation on the common man
1. summary: "Many of life's necessities are becoming more expensive. Let's start with breakfast. Eggs: up 5.2 percent so far this year [2004]. Butter for your bread: up 62 percent. A glass of 2 percent milk to wash it all down: It may rise as much as 50 cents a gallon next month. Time to head to work: filling up the gas tank now costs 30 cents a gallon more since January. After more than a decade of quiescence, inflation is returning--eating away at family pocketbooks and rippling through almost every segment of the American economy." (Christian Science Monitor) This article examines how inflation is affecting consumers and reveals that "inflationary pressures could well lead to the end of a historically low period of interest rates."
Title:Inflation Hits the Family Dinner Table Source: Christian Science Monitor Author: Ron Scherer Publication Date: April 30, 2004 Page Number: n.p. Database: SIRS Researcher Service: SIRS Knowledge Source <http://www.sirs.com>
Search- Deflation
3,2,1
3 things i discovered-
1. Inflation runs at 5.1 annually
2. The Chinese are major buyers of everything from scrap metal to plastic and paper
3. Inflation in America has doubled since 2003
2 things I found interesting
1. The doubling of inflation in this country
2. The monthly price increases on everyday commodities
1 question
1. What is the Government doing to bring down inflation?
Answer- The U.S. Government is attempting to create their own products and import less. But other then that they are doing nothing.
2. Summary: "What is deflation, and how might it affect the average American? Very simply, deflation is a continuing fall in the prices of goods and services. This is a good thing, right? That depends." (WORLD & I) The author explains government measures for evaluating economic health and describes how deflation may affect consumers.
itle:Deflation Tribulation Source: World & I Author: Elise Griffith Publication Date: April 1998 Page Number: 62-63 Database: SIRS Researcher Service: SIRS Knowledge Source <http://www.sirs.com>
Search- intrest rate
3,2,1
3 things i discovered-
3- deflation is a continuing fall in the prices of goods and services
2- Japan has been in economic recession since 1990
1- Japan's currency value has dropped one-third against the dollar since 1995
2- I'm interested in the rate of increase or decrease of the united states currency
1-I want to know what makes currency drop or increase
1- What put America in it's current financial state?
Answer- The Government currently has a large unpaid debt, our currency is second in the world and our inflation is still increasing. Its safe to say were in bad shape.
3. Summary: Interest rates are determined by strong, impersonal economic forces in the marketplace and can significantly influence people's attitudes and behavior. Forces that determine the general level of rates, supply and demand for funds, and the function of banks and other institutions are discussed. Variations among individual rates and characteristics of credit transactions such as risk, rights and tax considerations are also examined
Title:What Determines Interest Rates? Source: POINTS OF INTEREST Author: Publication Date: March 1993 Page Number: 1-18 Database: SIRS Government Reporter Service: SIRS Knowledge Source <http://www.sirs.com>
3,2,1
3 things i discovered-
3- Interest rates can significantly influence people's behavior.
2-The manufacturer will borrow funds only if they can be obtained at an interest rate less than 20 percent.
1-in 1981 the general level of interest rates was higher than the general level in 1991.
2-I'm interested in today's interest rates
1-Where are our interest rates going to be in the future
1- What determines interest rates?
Answer- Supply and demand determine interest rates.
Deflation
A sustained decrease in the average price level of all the goods and services produced in the economy.
Interest
Money paid regularly, at a particular rate, for the use of borrowed money. Interest Rate
The price paid for using someone else's money, expressed as a percentage of the amount borrowed.
The effects if inflaitom
When the U.S. Federal Reserve Bank Chairman Alan Greenspan increased the interest rate to stave off inflation, a chain reaction rippled throughout the economy. Although the correlation between inflation and unemployment is generally accepted by economists, the costs of this trade-off are underemphasized. Various causes and effects of inflation and unemployment are examined, and the concepts of the Phillips Curve and deflation are discussed. Evidence is presented concerning the results of inflationary trends toward growth in the economy and real incomes
List of search terms
Deflation
Income tax
inflation
American currency
American debt
Interest rates
From Mike Moffatt,
Your Guide to Economics. http://economics.about.com/od/helpforeconomicsstudents/f/inflation.htm
"Because inflation is a rise in the general level of prices, it is intrinsically linked to money, as captured by the often heard refrain "Inflation is too many dollars chasing too few goods".
To understand how this works, imagine a world that only has two commodities: Oranges picked from orange trees, and paper money printed by the government. In a year where there is a drought and oranges are scarce, we'd expect to see the price of oranges rise, as there will be quite a few dollars chasing very few oranges. Conversely, if there's a record crop or oranges, we'd expect to see the price of oranges fall, as orange sellers will need to reduce their prices in order to clear their inventory. These scenarios are inflation and deflation, respectively, though in the real world inflation and deflation are changes in the average price of all goods and services, not just one.
We can also have inflation and deflation by changing the amount of money in the system. If the government decides to print a lot of money, then dollars will become plentiful relative to oranges, just as in our drought situation. Thus inflation is caused by the amount of dollars rising relative to the amount of oranges (goods and services), and deflation is caused by the amount of dollars falling relative to the amount of oranges. Thus, as shown by the article "Why Does Money Have Value?", inflation is caused by a combination of four factors:
The supply of money goes up.
The supply of other goods goes down.
Demand for money goes down.
Demand for other goods goes up."
This site is very resourceful when it comes to information about inflation and it's current relevancy in our country today. The Author of this site Mike Mofatt recieved his Ph.D in Microeconomist and has studied at four different universities.
SIRS
Can an individual effect the rates of inflation?
1. Deflation Income, Effect of inflation on
Glossary terms: interest rate, gross domestic product
" As DOLLARS AND SENSE reported" - is this a money or economics publication? Look into this
Subject Heading: Interest rates, Effect of inflation on,
2.bankruptcy Bankruptcy, National (See: State bankruptcy)
currencey European currency unit
Research Interest-Effects of inflation on the common man
1. summary: "Many of life's necessities are becoming more expensive. Let's start with breakfast. Eggs: up 5.2 percent so far this year [2004]. Butter for your bread: up 62 percent. A glass of 2 percent milk to wash it all down: It may rise as much as 50 cents a gallon next month. Time to head to work: filling up the gas tank now costs 30 cents a gallon more since January. After more than a decade of quiescence, inflation is returning--eating away at family pocketbooks and rippling through almost every segment of the American economy." (Christian Science Monitor) This article examines how inflation is affecting consumers and reveals that "inflationary pressures could well lead to the end of a historically low period of interest rates."
Title: Inflation Hits the Family Dinner Table
Source: Christian Science Monitor
Author: Ron Scherer
Publication Date: April 30, 2004
Page Number: n.p.
Database: SIRS Researcher
Service: SIRS Knowledge Source <http://www.sirs.com>
Search- Deflation
3,2,1
3 things i discovered-
1. Inflation runs at 5.1 annually
2. The Chinese are major buyers of everything from scrap metal to plastic and paper
3. Inflation in America has doubled since 2003
2 things I found interesting
1. The doubling of inflation in this country
2. The monthly price increases on everyday commodities
1 question
1. What is the Government doing to bring down inflation?
Answer- The U.S. Government is attempting to create their own products and import less. But other then that they are doing nothing.
2. Summary: "What is deflation, and how might it affect the average American? Very simply, deflation is a continuing fall in the prices of goods and services. This is a good thing, right? That depends." (WORLD & I) The author explains government measures for evaluating economic health and describes how deflation may affect consumers.
itle: Deflation Tribulation
Source: World & I
Author: Elise Griffith
Publication Date: April 1998
Page Number: 62-63
Database: SIRS Researcher
Service: SIRS Knowledge Source <http://www.sirs.com>
Search- intrest rate
3,2,1
3 things i discovered-
3- deflation is a continuing fall in the prices of goods and services
2- Japan has been in economic recession since 1990
1- Japan's currency value has dropped one-third against the dollar since 1995
2- I'm interested in the rate of increase or decrease of the united states currency
1-I want to know what makes currency drop or increase
1- What put America in it's current financial state?
Answer- The Government currently has a large unpaid debt, our currency is second in the world and our inflation is still increasing. Its safe to say were in bad shape.
3. Summary: Interest rates are determined by strong, impersonal economic forces in the marketplace and can significantly influence people's attitudes and behavior. Forces that determine the general level of rates, supply and demand for funds, and the function of banks and other institutions are discussed. Variations among individual rates and characteristics of credit transactions such as risk, rights and tax considerations are also examined
Title: What Determines Interest Rates?
Source: POINTS OF INTEREST
Author:
Publication Date: March 1993
Page Number: 1-18
Database: SIRS Government Reporter
Service: SIRS Knowledge Source <http://www.sirs.com>
3,2,1
3 things i discovered-
3- Interest rates can significantly influence people's behavior.
2-The manufacturer will borrow funds only if they can be obtained at an interest rate less than 20 percent.
1-in 1981 the general level of interest rates was higher than the general level in 1991.
2-I'm interested in today's interest rates
1-Where are our interest rates going to be in the future
1- What determines interest rates?
Answer- Supply and demand determine interest rates.
RELATED VOCABULARY:
Foriegn Currency
Inflation rate
Deflation rate
Unenployment
Wages
GLOSSARY TERMS FOR ARTICLES
DeflationA sustained decrease in the average price level of all the goods and services produced in the economy.
Interest
Money paid regularly, at a particular rate, for the use of borrowed money.
Interest Rate
The price paid for using someone else's money, expressed as a percentage of the amount borrowed.
The effects if inflaitom
When the U.S. Federal Reserve Bank Chairman Alan Greenspan increased the interest rate to stave off inflation, a chain reaction rippled throughout the economy. Although the correlation between inflation and unemployment is generally accepted by economists, the costs of this trade-off are underemphasized. Various causes and effects of inflation and unemployment are examined, and the concepts of the Phillips Curve and deflation are discussed. Evidence is presented concerning the results of inflationary trends toward growth in the economy and real incomes
List of search terms
Deflation
Income tax
inflation
American currency
American debt
Interest rates
List of good Heading
Deflatin in America
The effect of inflation on you
How does inflation effect you?
About.com: Economics
Inflation
About>Business & Finance>Economics> Help For Econ Students> Information for Beginners>
Q. What is Inflation?
From Mike Moffatt,Your Guide to Economics.
http://economics.about.com/od/helpforeconomicsstudents/f/inflation.htm
"Because inflation is a rise in the general level of prices, it is intrinsically linked to money, as captured by the often heard refrain "Inflation is too many dollars chasing too few goods".
To understand how this works, imagine a world that only has two commodities: Oranges picked from orange trees, and paper money printed by the government. In a year where there is a drought and oranges are scarce, we'd expect to see the price of oranges rise, as there will be quite a few dollars chasing very few oranges. Conversely, if there's a record crop or oranges, we'd expect to see the price of oranges fall, as orange sellers will need to reduce their prices in order to clear their inventory. These scenarios are inflation and deflation, respectively, though in the real world inflation and deflation are changes in the average price of all goods and services, not just one.
We can also have inflation and deflation by changing the amount of money in the system. If the government decides to print a lot of money, then dollars will become plentiful relative to oranges, just as in our drought situation. Thus inflation is caused by the amount of dollars rising relative to the amount of oranges (goods and services), and deflation is caused by the amount of dollars falling relative to the amount of oranges. Thus, as shown by the article "Why Does Money Have Value?", inflation is caused by a combination of four factors:
This site is very resourceful when it comes to information about inflation and it's current relevancy in our country today. The Author of this site Mike Mofatt recieved his Ph.D in Microeconomist and has studied at four different universities.