In a circular flow model, households are the source of consumption expenditures and land, labor and capital for businesses. Econlife looks at all of the activities of households that include spending, taxes, education, health care and income.

The Accuracy of the Mashed Potato Index

Mashed Potatoes could be a good way to decide the direction of consumer spending. Where are we going? To consumer spending indices. The Mashed Potato Index (MPI) A pound container of mashed potatoes w…

An Unusual Inflation Indicator

Like the CPI, through “The 12 Days of Christmas,” we can see how prices change in a Christmas Price Index that includes pear trees and dancing maids.…

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