Candy Price Index Experiment
For each of the seven periods listed below you have $0.30 in credit to spend how you choose on any combination of the candies listed. The prices of the candies vary from period to period. Make your choices with regard to these prices, spending no more or less than thirty cents in each period. Note that in every period you have the option of buying Kisses, Reeses, and Lifesavers. However, in Periods 5 and 6, you also have the option of buying miniature Snickers bars. You should assume that the Snickers bars are not actually invented until Period 5.Please make your choices on the worksheet (front, back) for each of the periods.
Source: Hazlett, Denise, and Cynthia D. Hill, "Calculating the Candy Price Index: A Classroom Inflation Experiment," Journal of Economic Education, forthcoming.