Problem
1. Does the duration of unemployment matter? Explain your answer.
2. What are three issues regarding the accuracy of the CPI? Give an example of each issue.
3. If the prices of houses go up by 5% and the prices of concert tickets rise by 10%, which will have the larger impact on the CPI? Why?
4. What are some problems caused by inflation, other than a decrease in purchasing power? Briefly explain each one.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.