1. CHAPTER 5 Inflation: Who Wins, and Who Loses?
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2. Exhibit 5-1 Effects of Inflation on the Purchasing Power of a $100,000 Salary
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3. Exhibit 5-2 U.S. Consumer Price Index: January 1960–July 2006
Source: U.S. Department of Labor: Bureau of Labor Statistics, CPIAUCNS/downloaddata (accessed September 7, 2006).
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4. Exhibit 5-3 Cost of a U.S. University Education for One Year at Various Inflation Rates
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5. Exhibit 5-4 The Circular Flow Diagram
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6. Exhibit 5-5 Relationship among Nominal Interest Rate, Real Interest Rate, and Expected Inflation
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7. Exhibit 5-6 Effects of Inflation When Expected Inflation = Actual Inflation
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8. Exhibit 5-7 Effects of Inflation When Expected Inflation > Actual Inflation
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9. Exhibit 5-8 Effects of Inflation when Expected Inflation < Actual Inflation
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10. Exhibit 5-9 When are Lenders and Borrowers Hurt and Helped by Inflation?
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11. Exhibit 5-10 Adaptive Expectations Theory
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12. Exhibit 5-11 Rational Expectations Theory
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13. Exhibit 5-12 When are Laborers and Businesses Hurt and Helped by Inflation?
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14. Economic Information for Switzerland, 2001–2005
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