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 1961 (I) – 2012 (IV)
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4. Exhibit 5-3 The Circular Flow Diagram
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5. Exhibit 5-4 Relationship Among Nominal Interest Rate, Real Interest Rate, and Expected Inflation
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6. Exhibit 5-5 Effects of Inflation When Expected Inflation = Actual 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 When are Lenders and Borrowers Hurt and Helped by Inflation?
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10. Exhibit 5-9 When are Lenders and Business Hurt and Helped by Inflation?
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11. Exhibit 5-10 Precise Formula: Relating the Real Interest, Nominal Interest, and Expected Inflation Rates
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12. Exhibit 5-11 Adaptive Expectations Theory
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13. Exhibit 5-12 Rational Expectations Theory
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14. Exhibit 5-13 Cost of a U.S. University Education for One Year at Various Inflation Rates
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.