Despite low rates of inflation, the cost of a college education continues to skyrocket. This is a departure from the trend during the 1970s: In constant dollars (which negate the effect of inflation), the cost of college actually decreased several times. What explanations can you offer for the increasing cost of a college education?
Despite low rates of inflation, the cost of a college education continues to skyrocket. This is a departure from the trend during the 1970s: In constant dollars (which negate the effect of inflation), the cost of college actually decreased several times. What explanations can you offer for the increasing cost of a college education?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Despite low rates of inflation, the cost of a college education
continues to skyrocket. This is a departure from the trend
during the 1970s: In constant dollars (which negate the effect
of inflation), the cost of college actually decreased several
times. What explanations can you offer for the increasing
cost of a college education?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd7197a2d-1514-47d5-b2a7-b3b6621a219f%2F3841a0d7-fd1d-490a-98b5-1c3f25989002%2Fc1nohb4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Despite low rates of inflation, the cost of a college education
continues to skyrocket. This is a departure from the trend
during the 1970s: In constant dollars (which negate the effect
of inflation), the cost of college actually decreased several
times. What explanations can you offer for the increasing
cost of a college education?
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