Assignment: Inflation
Take 30 minutes to visit the European Central Bank's Inflation Island. Tour around the Island making sure that you adjust the stability meter located in the bottom middle of your screen. As you adjust the meter and switch between deflation, stability, high inflation and hyper inflation, see the effects of price level stability on various sectors of the island. If you could manually control inflation in our own country and had to pick between deflation, inflation and hyper inflation, which would you pick? Which in your mind is the lesser of the three evils? Remember there is no wrong answer, this is just a way to talk about a class concept with your classmates. Please post your response and also respond to two classmates' posts. Here is the link:
https://www.ecb.europa.eu/ecb/educational/inflationisland/html/index.en.html