Read the following four sections of Ch 9 - Unemployment and Inflation in your eText:

9.4 - Measuring Inflation

9.5 - Using Price Indexes to Adjust for the Effects of Inflation

9.6 - Nominal Interest Rates versus Real Interest Rates

9.7 - Does Inflation Impose Costs on the Economy?

Pay special attention to the topics mentioned in the Module 3 Introduction.