How much would 1 million dollars in 1890 be worth today?
Not sure but probably around 10 million dollars today
Why did the south suffer inflation as a result of the war?
The Confederate dollar was not based on gold or any other real assets. It was simply based on a promise to redeem the banknotes in the event of Southern victory, and consequent independence.
When it was clear that the South was bound to lose, after the double Union victories of July 1863, the currency went steadily downhill. After Lincoln won the 1864 election, it became worthless.
The circular flow of economic activity is characterized by?
How people produce (make money) and consume (spend money).
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.
How much was a ticket at the movies in 1950s?
That might depend upon the year and the stadium. I attended Yankee games at Yankee Stadium in the mid 1950s. You could sit in the bleachers for .75 cents. Second tier seats were $1.25, and box seats might go as high as $5 or $10!!
Comparison between Alfred marshall and robin's definition of economics?
The comparism between the definition of economics given by Alfred Marshall & Robbins is that it both studies human behaviors.
Differences demand-pull inflation and cost-push inflation?
Demand-pull inflation: prices rise due to shortage; firms produce more and raise price to meet demand.
Cost-push inflation: prices rise due to increasing costs of production; firms raise price in order to not produce less.
Personal income taxes
In times of rising prices the purchasing power of money falls affecting which of these?
Due to Inflation prices raises, lowering one's purchasing power.
Inflation also decreases the values of pensions, savings, and Treasury notes.
Various Assets like real estate and collectibles usually keep up with inflation. Variable interest rates on loans increase during inflation.
How can inflated language negatively affect a piece of writing?
Inflated language causes problems of clarity in writing.
((160-155)/155)*100=3.2%
How do you make money by collapsing a currency?
There are a number of ways to make money if you know (or believe) a currency is going to depreciate significantly. One is to borrow a large sum of money in the currency before it depreciates (or collapses) and then sell it to anyone who will buy it at today's price. Once the currency collapses it will be cheap to buy it back and pay off your loan. This would be "short-selling" (or simply "shorting") the currency -- selling what you don't actually own.
If you are capable of collapsing a currency, then it would similarly be possible to make money off of your skills. However, intentionally manipulating a financial currency implicates a number of ethical and legal issues; you might be better off in a more traditional career.
Will increase in nominal money supply increase real money supply?
No because real money supply would only increase if the price level doesnt increase or increases at a slower pace than the increase in nominal money supply. This is because the real money supply takes into account the current price level.
What is the most common type of business?
if you mean what is the most common type of industry it depends on how developed countries are:
More developed countries the most common is tertiary then quaterniary then secondary then primary
less developed countries the most common is primar then secondary then tertiary than quaternary
$1,000 in 2016 is the same as about $41.00 in 1910.
$1,000 in 1910 would be equal to about $24,300 today.
What will happen if everyone expects inflation to occur?
If people expect inflation, they are more inclined to spend than save money which will lose its value. A surge in demand will cause an an increase in prices (because demand exceeds supply) and voila! Inflation.
Are there other tools used by the feds to increase money supply?
The Federal Reserve (or Fed) increases the money supply by buying back outstanding U.S. Gov't Securities (bonds and such). By doing so, they are adding more currency into the economy, thus increasing the supply of money, or money supply.
Conversely, the Fed can also lower the money supply. To do so, they simply sell U.S. Gov't Securities. This means that they sell bonds out and bring currency in, thus reducing the money supply.