Watch the following videos and answer the following questions

Measuring Inflation | Marginal Revolution UniversityInflation is common in a modern economy. Shifts in supply and demand for goods and services cause prices to change accordingly. When the average level of prices rises, that's inflation. It means that you'll need more money to purchase the same stuff.Inflation in the United States can be measured using the Bureau of Labor Statistics' Consumer Price Index (CPI) - a weighted average of the price increases. We can calculate the inflation rate by the percentage change in the CPI over a given period of time.How much do prices actually change?Marginal Revolution University

Causes of Inflation | Marginal Revolution UniversityIn the last video, we learned the quantity theory of money and its corresponding identity equation: M x V = P x YFor a quick refresher:- M is the money supply.- V is the velocity of money.- P is the price level.- And Y is the real GDP.In this video, we're rewriting the equation slightly to divide both sides by Y and explore the causes behind inflation. What we discover is that a change in P has three possible causes - changes in M, V, or Y.You probably know that prices can change a lot, even over a short period of time.Y, or real GDP, tends to change rather slowly.Marginal Revolution University

case study:https://mru.org/courses/principles-economics-macroeconomics/zimbabwe-currency-inflation

• What was the highest inflation rate registered in the United States?
• What causes inflation?
• How can a government tackle inflation?
• Other than Zimbabwe, which other countries, currently suffer from inflation?
• Which spending category makes up the largest portion of the CPI market basket?
• What problems does inflation bring?
• How does inflation alter personal behavior?
• How does inflation impact real income?