6min chapter

Offline with Jon Favreau cover image

Is a $16 McDonald’s Order Going to Elect Trump?

Offline with Jon Favreau

CHAPTER

Understanding Inflation and its Impact on Prices

This chapter explores the concept of inflation and its impact on prices, using the example of a $16 McDonald's meal. It delves into the phenomenon of price persistence and the role of the information environment in shaping our perception of prices.

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