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Time:  90–120 minutes Instructions: Answer all five questions . Use complete sentences Show all calculations Use clear economic reasoning and vocabulary Label formulas and steps where applicable ✏️ Essay Questions 1. Inflation vs. Wage Growth A worker earns $52,000 annually  and receives a 0.55% annual raise  while inflation averages 3% per year . Tasks: Calculate the worker’s nominal salary  after 5 years Calculate the worker’s real income  after adjusting for inflation Dete

Lesson snapshot Grade:  9–12 Time:  1 class period (55–90 minutes) Essential Question:   If prices rise 3% per year, what size raise do you need to truly “break even”? Sunshine State Standards (Florida Financial Literacy) Use these Florida Financial Literacy benchmarks: SS.912.FL.4.5  – Describe how inflation reduces the value of money (purchasing power) and connect inflation to “real” returns/real outcomes.  ( CPALMS ) SS.912.FL.4.4  – Analyze the impact of spending vs. savi

In a recent televised statement, the president of the Chicago Federal Reserve, Austin Goolsbee, boldly claimed that despite rising...

This scenario illustrates the broader impact of inflation on economic inequality, as those with less financial flexibility are hit...