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How does a sharp increase in inflation might affect people?
Nataliepaige
A sharp increase in inflation means people would not be able to buy as much, People would have to make more choices about what to buy, and possibly have to do without wants in order to have needs.
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∙ 9y ago
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Why an increase in income does not necessary mean an increase in welfare of the people?
There are many reasons why this might be the case; one of the simplest is inflation (meaning increase in how much things cost). If the rate of inflation is higher than the rate of increase in income, then you have more money but it buys less.
What is the difference between expected inflation and inflation how does changing inflation expections affect short run philpse curve?
The first answer is self-explanatory. If consumers THINK a good will go up in price, then that good has a high expected inflation. Whether or not it actually does is it's actual inflation.This matters in the Phillips Curve mainly when dealing with businesses. Basically, if a business thinks it's costs are going to increase (inflation), it might not hire more people or might even lay people off to save money. Thus, as expected inflation rises, unemployment rises, just like the Curve says it would.
How might rapid inflation affect college enrollment?
Inflation is the decrease of the purchasing power of a currency.(Ex. Dollar, Yen, Franc, peso etc) This Increases the price of goods and purchases. If College Tuition rates Increase due to inflation it will be more expensive to attend college. This will affect enrollment substantially and may or may not reduce the enrollment rate.
How do price indexes measure inflation?
Prices indexes measure the rate of inflation from month to month by measuring by how much the price of a number of goods increase over time.This might help as well:What_does_the_consumer_price_index_measure
How an increase in unit selling prices might affect contribution margin?
Increase in unit selling price while other costs remains same will increase the contribution margin and reduce the breakeven point.
Why an increase in income does not necessary mean an increase in welfare of the people?
There are many reasons why this might be the case; one of the simplest is inflation (meaning increase in how much things cost). If the rate of inflation is higher than the rate of increase in income, then you have more money but it buys less.
What is the difference between expected inflation and inflation how does changing inflation expections affect short run philpse curve?
The first answer is self-explanatory. If consumers THINK a good will go up in price, then that good has a high expected inflation. Whether or not it actually does is it's actual inflation.This matters in the Phillips Curve mainly when dealing with businesses. Basically, if a business thinks it's costs are going to increase (inflation), it might not hire more people or might even lay people off to save money. Thus, as expected inflation rises, unemployment rises, just like the Curve says it would.
How might rapid inflation affect college enrollment?
Inflation is the decrease of the purchasing power of a currency.(Ex. Dollar, Yen, Franc, peso etc) This Increases the price of goods and purchases. If College Tuition rates Increase due to inflation it will be more expensive to attend college. This will affect enrollment substantially and may or may not reduce the enrollment rate.
How do price indexes measure inflation?
Prices indexes measure the rate of inflation from month to month by measuring by how much the price of a number of goods increase over time.This might help as well:What_does_the_consumer_price_index_measure
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