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d. Be prepared to discuss several features of this data in class. 0 What is the interpretation of the Growth Rate of the CPI? What

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d. Be prepared to discuss several features of this data in class. 0 What is the interpretation of the Growth Rate of the CPI? What is the interpretation of the difference between the Treasury Rate and the Growth Rate of the CPI? o How has the series difference between the Treasury Rate and the Growth Rate evolved over the past 50 years? 0 Does this have anything todo with " returns on capital"? Think about the opportunity cost of investing one dollar in capital K? Well you could have invested in a treasury bill...so one dollar invested in capital should give a similar return to one dollar invented in a treasury bill

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