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Course materials covered price levels and inflation. For this week's discussion, you will apply the concepts of nominal dollars vs. real dollars. Please: (1) visit
Course materials covered price levels and inflation. For this week's discussion, you will apply the concepts of nominal dollars vs. real dollars. Please: (1) visit the online real estate listing website for the chosen home; and (2) scroll down to its price history and expand the menu. In the discussion board below: Find the most recent sold price, 02/22/2021, and compare it to the current asking price -- in nominal terms Adjust the 2021 price to today's price using the CPI inflation calculator Next, discuss if the inflation adjusted price paid in 2021 relative to today's asking price was a profitable investment Last, discuss what surprised and why, or why you were not surprised
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