PetrucciGrade6Math

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[|PNC Price List]

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 * Vocabulary **


 * Consumer Price Index (CPI): ** Is a gauge of inflation that measures changes in the prices of basic goods and services. It is compiled monthly by the U.S. Bureau of Labor Statistics. It tracks housing, food, clothing, transportation, medical care, and education. The CPI is used as a benchmark for making adjustments in Social Security payments, wages, pensions, and tax brackets to keep them in tune with the buying power of the dollar.


 * Deflation: ** Refers to a widespread decline in prices that also has the potential to undermine the economy by stifling production and increasing unemployment.


 * HyperInflation: ** Occurs when prices rise by 100% or more annually. It can destroy economic stability and even political stability by driving the price of necessities higher than people can afford.


 * Index ** : Is a statistical measure of the changes in a portfolio of stocks representing a portion of the overall market. It is a sample meant to represent the performance of the whole.


 * Inflation: ** A persistent increase in prices, often triggered when demand for goods is greater than the available supply or when unemployment is low and workers can command higher salaries. The US Federal Reserve Bank and central banks in other nations try to keep inflation in check by decreasing the money supply, making it more difficult to borrow and thus slowing expansion.