Price Stability

McKenna Hufford and Brady Need

   Another fundamental goal of economics is the idea of price stability. This goal revolves around the idea of inflation, or the rise in the general level of prices. If the prices of everything we need to buy goes up, but you operate with a fixed income ( an income that does not change when inflation occurs ) you will be discouraged to go out and spend money. Which in return hurts businesses and our economy. This goal is to keep prices at a constant rate which in return adds a sense of stability in our economy.

From a full cart in 1998 to few boxes of Pop Tarts in 2013, $20 doesn't buy what it used to.

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