Question: Can someone please help me answer these questions 1. Complete the table Definition How is it Measured? Nominal cost of living Real cost of living

Can someone please help me answer these questions

1. Complete the table Definition How is it Measured? Nominal cost of living Real cost of living Nominal wages Real wages 2. How do economists use this information to determine whether higher prices mean that things cost more than they used to? 3. What are the main causes of inflation? 4. Do you think the inflation rate is a good measure of economic health? Why or why not? 5. Complete the table by describing the general behavior of the three key indicators during each phase. Real GDP Unemployment Inflation Rate Rate Expansion Contraction 6. Why might an economy stop expanding and start contracting? 7. What is the difference between a recession and a depression

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