Discussion-Assignment-Prices-and-Inflation-Economics-Homework-Help

Choose an adult friend or relative and ask them to think of two items that they purchased when they were young and that can still be purchased today (examples: movie tickets, candy, ice cream, baseball cards, gasoline). Then, in a post of at least one paragraph, tell what those items are, and the prices that your friend or relative paid for them previously. State what the same item costs today. How high have prices risen over time? Why do you think the prices of these items have risen over time?
Then in a second paragraph, name two items that you regularly purchase today and what you currently pay for them. Do you think the prices of these items will be higher 20 years from now? Speculate what they might cost in 20 years and why.

 

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