Real World Economics

This book succeeds in making complicated, abstract economic theories, practices, and processes not only accessible and comprehensible, but also highly relevant to young readers'' lives. Using uncomplicated language and lots of illustrative examples—drawn from everyday life and typical youth experiences—the author explains exactly what inflation is, what its potentially positive and negative effects are, and how it can be controlled, coped with, or moderated. Includes dramatic examples of historical inflationary periods and their grave consequences. Also features interesting sidebars such as "Myths and Facts about Inflation" and "Ten Great Questions to Ask a Financial Adviser."