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Posted: February 26th, 2022
Please read “The Rising Price of Bread in Turkey: Daily Life in a High Inflation Economy” written by Veronica Horton and found here: https://econeveryday.com/the-rising-price-of-bread-in-turkey-daily-life-in-a-high-inflation-economy/.
What is inflation? What does it mean in terms of consumer purchasing power? Why has the Turkish lira lost 50 percent of its value?
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In response to the country’s economic difficulties, Turkey’s leaders have raised the minimum wage by 50 percent. What effect will this policy decision have on the ability of people to buy the goods they need?
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