Watch these three Khan Academy videos where different types of inflation are explained; then watch the fourth video Dr. Mary J. McGlasson gives a brief lecture with information on real GDP. Finally, read the section on the "Role of Inflation" in Wikibooks: "Macroeconomics: Inflation".
Then share your thoughts with your classmates by writing a blog post. Remember to tag (Wordpress) or label (Blogger) your blog post using the course tag: maec101 Do these different types of inflation make sense? Can you think of examples of each inflation type? Sharing with classmates can be a valuable way to clear up your own thoughts and get help from other learners.