-Germany raising the wage didn´t create unemployment; the national socialist (Nazi) collaborator Henry Ford "paid workers more." Workers at that wage want that job and can´t get it. Firms demand more workers that are out there in good market conditions.
-The price level and inflation: How is inflation measured?
-Price level: A measure of the average prices of goods and services in the economy.
-Inflation rate: The percentage increase in the price level from one year to the next.
-Hyperinflation: EXTREMELY HIGH RATES OF INFLATION!
-Deflation: Opposite of inflation. 5% less (THINGS COST LESS; ITS VERY BAD BECAUSE IT HAPPENED IN THE GREAT DEPRESSION IN THE 1930's).
-Disinflation: Falling inflation rates. Federal Reserve= Hyperinflation coming soon; inflation is lower because of luck and because people understand the economy much better now. High inflation rates are damaging to the economy.
-Inflation: Price index; weighted average. A price index is an appropriate weighted average of individual prices in the economy. WEIGHTED AVERAGE. FOR THE INDEX I PICK A PARTICULAR YEAR AND I JUST CALL IT THE BASE YEAR. The price index can tell you how prices have changed over time.
This is charity as I can educate without asking for a payment; that is why I use the #NOBEL tag.