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Inflation
A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.
1,474 Questions
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?
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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:
- State Bank of India
- ICICI Bank
- HDFC Bank
- Reliance Industries
- TATA Motors
- etc
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 :
- Managing technology & innovation
- Resources management & sustainable development
- Social entrepreneurship
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)
What is the difference between price level and the rate of inflation in an economy?
The price level is a measure of the average price in an economy and is measured at a point in time.. The rate of inflation is the rate of change of the price level over time. Strictly speaking, economists define inflation as a continued increase in the price level as opposed to a one time price level adjustment.
Effect of inflation on developing and developed country?
Inflation destroys it. The money made is lowered in value. Printing money causes this issue. If we print enough money the profit completely goes away and this your financial well being and development does also.
Why was there a inflation during the Revolutionary War?
During the revolution, the U.S. started printing lots of money to pay for the war, since the federal government couldn't levy taxes due to the laws laid out by the Articles of Confederation. Lots of available money leads to inflation.
How much would one dollar in 1931 be worth today?
If you mean $1.50, it was worth $1.50 in the 1930s.
If you mean how much it would be worth today allowing for inflation, that's a much more difficult question. The CPI has gone up at least 20- or 30-fold since then but it's very hard to compare prices since so much has changed. For example, some foods that were once comparatively cheap are now expensive, and vice versa. One measure would be that it bought about 7 or 8 gallons of gasoline, which would cost around $20 today. It would have paid for 30 bus rides in most cities, versus one today. At the post office it would have let you mail 50 letters, which would cost $20 today.
On the other hand you have to compare quality and technology, too. $1.50 would have purchased 3 or 4 78-rpm records each holding 2 songs, so you could try to match that to the cost of say 15 or 20 songs on a CD or 6 iTunes downloads. However, the 78s would last through about a hundred playings before wearing out, they broke really easily, couldn't be copied or put on a portable player, were mono and had a frequency response from around 100 to 6000 Hz, so the quality difference is far greater than the price difference.
CommentPostal rates and gasoline prices are two commonly cited examples of inflation, but their price behavior is so badly skewed by non-market influences that they should probably be excluded from any inflation analysis, IMHO.For instance, a first-class postage stamp in 1863 cost $.03. The same stamp in 1958 cost $.03. Today, the first-class stamp costs forty-some cents, but it's a number that inflates so often that no one can keep up with it, and even the US Postal Service has begun to issue "Forever" stamps, bought at a current rate, but honored through subsequent rate hikes. One might speculate that issuing "Forever" stamps is more cost-effective than printing and handling billions of one-cent "add-on" stamps. But it's hard to ignore the fact that the US Postal Service is so addicted to rate hikes that it has memorialized them in the form of "Forever" stamps.
As for gasoline, the market changed completely with the rise of OPEC. Until then, gas could be had at the pump in the US for a quarter a gallon. After, it's been a wild ride.
The main point is this: non-market influences have governed the rises and falls of these two prices, and many others.
In the case of the postage stamp, market influences don't even enter the arena. The US Postal Service is a branch of the US federal government, and thus is not examined for profitability. Like all government enterprises, it is expected to lose money, and does so with alacrity and dependability.
In the case of oil/gas prices, they have been artificially manipulated since the early 1970s, when the Middle Eastern oil-producing nations figured out that they had a virtual stranglehold on the rest of the world, and could charge practically any price they wanted for their oil. A barrel of crude that sold for pennies in 1965 now sells for $90.
If it shows any wear at all the value is about $6.00 just for the silver. All Franklin half dollars (1948-1963) are considered common.
