A. Assume the unemployment rate is 5% and 10,000 people are unemployed. How many people are employed?

B. The estimated inflation rate for 2021 is 5.5%. At that rate, how long before prices double?

C. You might be surprised to know that way back in the year 2000, full-time undergraduate tuition at CSU was $5,673. This year it is $14,000. Of course dollars today aren't worth as much as they were back in 2000.Use the CPI to adjust the old tuition fee to 2021 prices.

D. If you adjusted tuition correctly, your adjusted number should still be short of $14,000. Use a changing quality of education approach to argue that college tuition has not risen faster than inflation... maybe.

E. A burger and fries combo at the Come Back Shack is about $6.50 (with the CSU discount). Assuming an inflation rate of 5.5%, what would be the predicted price of that combo in 10 years?

F. Did you know that the Federal Reserve was established in 1913 to stabilize prices? That's a little over 100 years ago. Calculate the average inflation rate for the 100 years before the Federal Reserve, and for the 100 years after the Federal Reserve was established. (1813-1913 and 1913-2013).

G. Based on your calculations how well has the Federal Reserve done maintaining stable prices?