2. Increasing prices erode the purchasing power of the dollar. It is interesting to compute what goods would have cost at some point in the past after adjusting for inflation. Go to the Federal Reserve Bank of St. Louis, FRED database website at https:// research.stlouisfed.org/fred2/ and find the consumer price index for all urban consumers. What would a car that cost today have cost the year that you were born? (To find this, multiply the by the price index in the year you were born and divide by the price index today.)