Quoted from Wikipedia.org
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises, each unit of the functional currency buys fewer goods and services;
It could also be defined as a cosmological event at the very beginning of the universe during which the universe expanded faster than the speed of light in a fraction of a fraction of a second.
What factors affect the inflation rate of a country?
There is many factors but i will try to state some of them
1.The demand for an item is much more than the supply.
2.The economy and the rarity of geting the resources to sell
3.The ammount of money in the comunity For example items cost more in Cali than Arizona
4 The historical importance or age for example michael jackson stuff is more money now because of michaels death also antiques
There you go hope i helped
What would 1000 dollars in 1885 be worth in 1970?
$1000 in 1885 would be $4314.50 in 1970.
Also, if you were to buy exactly the same products in 1970 and 1885, they would cost you $1000 and $245.45respectively.
What is the definition of economic inflation?
Economic inflation or just inflation is the rate at which the general level of prices for goods and services is rising. Central banks attempt to stop severe inflation, along with severe deflation, in an attempt to keep the excessive growth of prices to a minimum.
Inflation or deflation will always occur in a economy but the role of the Fed is to make less severe.
What is the value of a 1882 Morgan dollar?
1881 is not a rare date for Morgan Dollars, unless it has a "CC" mintmark on the reverse
Please see the Related Question for more information.
More:The 1881 Silver Morgan Dollar was minted in 4 locations: Philadelphia, Carson City, New Orleans and San Francisco. Here are the values of these coins according to USA Coin Book:Philadelphia (no mint mark): In good condition, this coin is worth about $20 up to about $46 in MS60 mint condition. In MS65 brilliant uncirculated condition, this coin is worth $187. Proof coins were minted here as well, which are worth about $2,900 in PR63 proof condition.
Carson City (small "CC" mint mark): In good condition, this coin is worth about $335 up to about $630 in MS60 mint condition. In MS65 brilliant uncirculated condition, this coin is worth $1,100.
New Orleans (small "O" mint mark): In good condition, this coin is worth about $20 up to about $46 in MS60 mint condition. In MS65 brilliant uncirculated condition, this coin is worth $1,700.
San Francisco (small "S" mint mark): In good condition, this coin is worth about $20 up to about $40 in MS60 mint condition. In MS65 brilliant uncirculated condition, this coin is worth $180.
Economic term for an economy with rising inflation and unemployment?
This is called inflation or more precisely "price inflation".
What is the relationship between inflation unemployment and Real GDP?
The relationship between unemployment and GDP is called Okun's law. It is the association of a higher national economic output with the decrease in national unemployment. This is because in order to increase the economic output of a country, people will need to go back to work, thus lowering unemployment. Empirical studies on the relationship between GDP and unemployment show that for every percentage point fall in the unemployment rate there is an increase in GDP by 2.5 percent. Experts believe that the reason for this large coefficient is because the unemployment rate does not count discourages workers who obtain a job before they are counted in the unemployment numbers. Another reason is when economic output increases firms typically don't hire new workers but have their current workers work for longer hours. Also some industries have increasing returns to scale where increasing the labor force has a multiplicative effect on their output.
What is value of 1880 silver dollar?
Assuming the coin is circulated and has no mintmark, the 1889 Morgan dollar is common. The retail values are $32.00-$38.00 depending on condition. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched, used as jewelery or have been cleaned have far less value if any to a collector or dealer.
How are inflation and profiteering related?
Hello my name is Andrew and im gonna give u my answer ( this is helpful) u have come to the right place. My answer is that they both charge an extra price for the original price of a good. Well that's it folks . Tweet me at Twitter at Andrew27. P.S I gave u the wrong answer hahahahaha . nah im just jokin with ya i gave u the right answer. Goodbye. ^_^ *_* :)
What is dis inflationary pressure?
Inflationary pressure is when the price of things in general increase at a higher rate than wages, thus causing a financial strain.
Assuming the coin is circulated and has no mintmarks, the 1879 Morgan is a common date. For an accurate assessment of value the coin needs to be seen and graded. Most coins of this year have seen heavy use and show a lot of wear. In general retail values for low grade coins are $31.00-$33.00, better grade are $34.00-$35.00 and coins showing almost no wear run from $36.00-$41.00. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched or have been cleaned have far less value if any to a collector or dealer.
What assets should you own in high inflation periods?
We are heading into a period of high inflation due to the impact of oil costs. What are stocks that will survive this - other than the obvoius - Oil stocks!
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How does inflation effect savers and person on fixed income?
Inflation is the increase of good and services due to a weakening currency. Ex U.S Dollar
A saver will only be able to buy less with inflation in mind. People on fixed income are also restricted and since they are on a limited income their dollar buys less beacuse of inflation.
Franklin half dollars (1948-1963) are so common most are valued for the silver, about $11.00 as of today. The 1952 issue is a high mintage coin.
NOTE: The values for any silver US coins follow the Spot Price of silver, so values go up & down.
What is the cause the unemployment part of stagflation?
Stagflation is an economics term used to describe the situation when you have a stagnant economy (no job growth) but high unemployment and high inflation. This is usually caused by an increase in the total labor force. There is just too many people in the workforce and not enough jobs available.
Why did the plague lead to an increased wage rate and inflation?
I'm not sure about this but I think because people were so sick they couldn't work meaning they couldn't make money and if they can't work or make money than that increases unemployment rates because they can't work so they have to find new people and nobody is buying anything because they have no money because they're aren't working. I'm not an expert on this kind of stuff so if anyone has a better answer please improve mine!!!!
Name of top 30 companies listed in bse?
BSE Sensex is the weighted average of the price movement of the 30 largest company's that are listed in the Bombay Stock Exchange. This list of company's may change from time to time and the Exchange will always release the news of replacement of any company in the Sensex to the public beforehand.
Some of the major companys in this index are:
The full list of the 30 company's that are part of the Sensex Index can be found in the Related Links section
Why do central banks try to control money supply?
* Open Market Operations - selling / buying of bonds, securities, treasury bills * Interest Rate Policy - Increase the rate of interest * Special Deposits - Increase the deposit level of all commercial banks * Lending Ceilings - Increse the lending rates for all types of loans * Funding - Reduce it to lower government expenditure * Devidend Rate Policy - Increase the aret in order to make savings attarctive * Changing the Cash Reserves ratio - Applicable to all commercial bank
What is the Pakistan's GDP rate from 1948 - 2008?
In 1960, GDP was $3.71 billion and in 2010, it was $174.8 billion, using official exchange rates.
What is inflation and what can the government do about it?
Inflation is both good and bad for a couple of reasons. Inflation means the economy is growing strong and prices are going up. Too much inflation has a bad effect on people who are struggling to have their paychecks meet the growing prices
List of management topics for Ph.D?
The management field is also a very wide subject that has many opportunities in business and management. You have so many options in selecting your PhD research topic in management and choosing the one that interests you. Here are a few of the top 5 hot topic areas in management :
How much would one dollar in 1858 be worth today?
Inflation continues to drastically decrease the value of a dollar. What you could buy for dollar in 1858 would cost you $26.53, meaning that dollar would be worth about 4 cents in today's world.
How does inflation affect GDP?
Inflation is the primary and negative factor of all economic troubles including GDP,
because it lowers consumerism, promote unemployment, and reduce import and export.
-- Not quite. Inflation itself isn't necessarily a bad thing, and in fact deflation (negative price growth) can adversely affect the economy is well. High inflation can certainly hurt spending and employment, but inflation is just a term used for the growth rate of prices, which happens naturally as economies expand. The US Federal Reserve targets an inflation rate of 2-3% as a goal. Inflation has historically been a major concern in some of the developing world especially, and source of economic (and political) instability. (Source: Economics PhD student who just finished grading a paper that cited the above answer)