0
Is it true inflation helped creditors because they could receive money that was worth less than when they lent it?
Wiki User
∙ 10y ago
g
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Why do Governments and economists worry about inflation?
Inflation is a general and sustained rise in the level of prices over two financial quarters in an economy. The government is worried about inflation because it has negative repercussions on its ability to achieve its macro- economic objectives. For example, inflation could result in higher unemployment. Firms seek to cut costs during a period of inflation and could lay off workers.
Who is helped by inflation?
Debtors, borrowers of the expense of the lender, pornographers.Government officials, COLA union members, speculators, foreign business members, and borrowers all benefit from inflation.Sourcehttp://shsapeconomics.blogspot.com/2007/11/is-inflation-always-bad-thing.html
How does inflation affect farmers?
Effects of inflation on Farmers:The price of farm products goes up faster than costs. Costs lag behind prices of product received by the farmers. It has been observed in India that inflationary tendencies during war and post-war periods have helped farmers in paying off their old debts. Moreover, farmers are generally debtors and have to pay less in real terms, while the land revenue, taxes, etc., do not rise much. Thus farmers generally gain during the periods of inflation.
What would 1 million in 1930 be worth today?
In 1930, dollars were backed by gold. You could take a $20 paper dollar and receive from the US> Treasury a $20 gold piece. If you were smart enough to do that, you would have 50,000 twenty $ gold pieces today. That would be worth exactly $68,392,575.00 today. (that's 48,375 troy ounces @ $1412.00 spot price as of tonight-Dec 5) That is the Bullion value, collector value of the coins aside. Now if you want to use the inflation factor to determine value, you must depend on government figures. That can be a problem. They change how they determine the consumer price index often as well as calbrating "inflation" We have no inflation now according to the government. Looked at gas, food, medical care prices lately?? Or I forgot, they don't count those things. Hope this helped.
How did ranching and cattle trails help western economic development?
Cattle trails helped western economic development because they helped to move cattle easily and therefore trading was easier. Ranching helped because they could have the food to themselves in times of drought, and could easily sell to other ranchers who had poor crops. Hoped I helped to answer your question. -7th grader
Why worry about inflation?
because it would probably make a loaf of bread cost 50 bucks. as happened in late 1920s in Germany hyper inflation caused a great economic chaos which helped Hitler reach to power and later ww2
What helped reduce sharp inflation in russia after the end of the soviet union?
the black market, or privatization
How the ssia has proved useful for the government in Ireland?
it took lots of money out of circulation which helped to control inflation
Why do Governments and economists worry about inflation?
Inflation is a general and sustained rise in the level of prices over two financial quarters in an economy. The government is worried about inflation because it has negative repercussions on its ability to achieve its macro- economic objectives. For example, inflation could result in higher unemployment. Firms seek to cut costs during a period of inflation and could lay off workers.
Why did Abraham Lincoln receive national attention?
He received attention because he was a very smart intellegent man who helped fight slavery and won freedom for the slaves
Who is helped by inflation?
Debtors, borrowers of the expense of the lender, pornographers.Government officials, COLA union members, speculators, foreign business members, and borrowers all benefit from inflation.Sourcehttp://shsapeconomics.blogspot.com/2007/11/is-inflation-always-bad-thing.html
What northern newspaper editor helped Jefferson Davis receive parole from prison?
Horace Greeley the editor of the leading Republican newspaper The New York Tribune helped Davis receive parole from prison.
What support did the patriots receive from foreign countries?
money, supplies, and troops to helped the patriots.
How you get a treeko in soul silver?
Receive from Steven Stone in Silph Co. HOPE IT HELPED !!
What action by President Jimmy Carter helped to solve the problem of inflation?
The appointment of Paul Volcker to the Federal Reserve Board
What enable algae and plants to grow in the littoral zone?
It's close enough to the shore, or land, that the sunlight reaches the bottom. So, plants and algae can grow because of the sunlight they receive. :) I hope I helped!
Can creditors still ask for money if you are already bankrupt?
yes because they have no souls Gee, I would think the one that doesn't honor their legal obligations and personally sworn promises to pay back what they asked someone to lend them, and instead keep the benefits while hurting others that helped them are closer to souless. But, also wrong about the above, is once you file BK all collection actions by creditors must stop. If there are any, tell your adminstrator/court.
