{"id":8421,"date":"2018-05-24T21:07:32","date_gmt":"2018-05-24T21:07:32","guid":{"rendered":"http:\/\/www.augsburg.edu\/news\/?p=8421"},"modified":"2018-05-24T21:07:32","modified_gmt":"2018-05-24T21:07:32","slug":"8421","status":"publish","type":"post","link":"https:\/\/www.augsburg.edu\/news\/2018\/05\/24\/8421\/","title":{"rendered":"Professor of Economics Jeanne Boeh discusses why prices are rising with WCCO&#8217;S Heather Brown"},"content":{"rendered":"<p><a href=\"http:\/\/www.augsburg.edu\/news\/wp-content\/uploads\/sites\/29\/2018\/05\/Screen-Shot-2018-05-24-at-3.19.50-PM.png\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-8422 alignright\" src=\"http:\/\/www.augsburg.edu\/news\/wp-content\/uploads\/sites\/29\/2018\/05\/Screen-Shot-2018-05-24-at-3.19.50-PM-300x168.png\" alt=\"Jeanne Boeh\" width=\"271\" height=\"152\" srcset=\"https:\/\/www.augsburg.edu\/news\/wp-content\/uploads\/sites\/29\/2018\/05\/Screen-Shot-2018-05-24-at-3.19.50-PM-300x168.png 300w, https:\/\/www.augsburg.edu\/news\/wp-content\/uploads\/sites\/29\/2018\/05\/Screen-Shot-2018-05-24-at-3.19.50-PM.png 623w\" sizes=\"auto, (max-width: 271px) 100vw, 271px\" \/><\/a>According to WCCO,\u00a0McDonald&#8217;s,\u00a0<span class=\"vm-hook-outer vm-hook-default\"><span class=\"vm-hook\">Chipotle<\/span><\/span>, Netflix, Amazon, John Deere and more have all recently announced they are raising prices. So why are things getting more expensive?<\/p>\n<p>To answer this question, WCCO&#8217;S Heather Brown spoke with\u00a0Augsburg\u2019s Business Department Chair Jeanne Boeh.\u00a0\u201cPrices are going up partly because people have more income,\u201d Boeh said.<\/p>\n<p>There are two main ways for inflation to occur, Boeh explained to WCCO. The first is called \u201cdemand pull,\u201d and that is when people have more money, they demand more and, in turn, businesses charge more. The second way is \u201ccost push\u201d inflation, when the inputs \u2014 like gas or wages \u2014 that go into a making a good or service rise.<\/p>\n<p>See the full interview on the <a href=\"http:\/\/minnesota.cbslocal.com\/2018\/05\/22\/gq-prices-rising\/\">WCCO website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to WCCO,\u00a0McDonald&#8217;s,\u00a0Chipotle, Netflix, Amazon, John Deere and more have all recently announced they are raising prices. So why are things getting more expensive? To answer this question, WCCO&#8217;S Heather Brown spoke with\u00a0Augsburg\u2019s Business Department Chair Jeanne Boeh.\u00a0\u201cPrices are going up partly because people have more income,\u201d Boeh said. There are two main ways for &#8230;<\/p>\n","protected":false},"author":359,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,6],"tags":[],"class_list":["post-8421","post","type-post","status-publish","format-standard","hentry","category-faculty","category-in-the-news"],"_links":{"self":[{"href":"https:\/\/www.augsburg.edu\/news\/wp-json\/wp\/v2\/posts\/8421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.augsburg.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.augsburg.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.augsburg.edu\/news\/wp-json\/wp\/v2\/users\/359"}],"replies":[{"embeddable":true,"href":"https:\/\/www.augsburg.edu\/news\/wp-json\/wp\/v2\/comments?post=8421"}],"version-history":[{"count":4,"href":"https:\/\/www.augsburg.edu\/news\/wp-json\/wp\/v2\/posts\/8421\/revisions"}],"predecessor-version":[{"id":8426,"href":"https:\/\/www.augsburg.edu\/news\/wp-json\/wp\/v2\/posts\/8421\/revisions\/8426"}],"wp:attachment":[{"href":"https:\/\/www.augsburg.edu\/news\/wp-json\/wp\/v2\/media?parent=8421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.augsburg.edu\/news\/wp-json\/wp\/v2\/categories?post=8421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.augsburg.edu\/news\/wp-json\/wp\/v2\/tags?post=8421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}