How Inflation Works
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Objective
I can explain how the general increase in prices, known as inflation, affects the purchasing power of money.
Part 1 of 3
Warm-up video
The School of Life · 8:01Vetted channel
We don't generate video — this one is by The School of Life on YouTube. The practice questions and exit ticket below were drafted by AI for this objective, and every question is editable in the teacher guide.
Part 2 of 3
Practice
7 questions
Define inflation in your own words and explain how it generally affects the value of money.
Explain how "cost-push inflation" can decrease your purchasing power, providing a specific example.
Part 3 of 3
Exit ticket
Quick comprehension check
“If the price of a loaf of bread increases from $2 to $4 due to inflation, how does this affect the amount of bread you can buy with $10? Imagine you have $50 to spend on groceries. If inflation causes grocery prices to rise by 10%, will you be able to buy more, less, or the same amount of groceries with your $50? Explain your answer. Suppose you earn $20 per week. If inflation causes the price of your favorite snack to double, how will this impact your ability to buy that snack each week?”
Sample answer included in the free materials
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