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Inflation is the rise in the price level of a specific economy. Unanticipated inflation hurts savers and creditors. It declines the value of money. $1000 today may only be worth $500 dollars tomorrow if inflation is occurring at 100%.
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∙ 12y ago
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What is a decrease in the price level?
Inflation
Decrease in a dollar value is called?
inflation
Inflation redistributes income and wealth in favor of?
Poor
When inflation goes up what do people tend to do?
Decrease their spending.
What term defines a time when there is an increase in money and a decrease in goods?
inflation
What factors affect wealth of households?
too high inflation rate would decrease the purchasing power of the money in those unemploied people
What factors affect household wealth?
too high inflation rate would decrease the purchasing power of the money in those unemploied people
What is a decrease in the price level?
Inflation
Decrease in a dollar value is called?
inflation
Inflation redistributes income and wealth in favor of?
Poor
Is a time when there is a increase in money and a decrease in goods?
inflation
Can the repo rate decrease the inflation of India?
Not directly.
When inflation goes up what do people tend to do?
Decrease their spending.
What term defines a time when there is an increase in money and a decrease in goods?
inflation
Which of these terms defines a time when there is an increase in money and a decrease in goods?
Inflation
What is the conclusion of inflation?
As prices rise, inflation also increases; supply increases and demands of people decrease because of high prices.
True or false Inflation refers to a dramatic drop in prices?
False!Inflation means a dramatic increase in prices. The opposite of inflation is deflation. Deflation is a dramatic decrease in prices.
