Quantcast

Got Homework?

Connect with other students for help. It's a free community.

  • across
    MIT Grad Student
    Online now
  • laura*
    Helped 1,000 students
    Online now
  • Hero
    College Math Guru
    Online now

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

Seanox0259 Group Title

When does inflation turn into something acceptable? Most inflation is NOT good, but is there a clear line that would define acceptable inflation?

  • 2 years ago
  • 2 years ago

  • This Question is Open
  1. WWENDT Group Title
    Best Response
    You've already chosen the best response.
    Medals 0

    In the U.S. and most other countries we are willing to accept an inflatiion rate as high as 3% as acceptable and in some minds a good thing. After all, inflation on a small scale will NOT disrupt the economy or erode people's savings rapidly as happened in 1923 in Germany and Austria after WWI. So most economists would say anywhere from 1-3% is an acceptable rate of inflation for a country and may even suggest that it is generally good for the economy. wmw

    • 2 years ago
  2. ashish2727 Group Title
    Best Response
    You've already chosen the best response.
    Medals 0

    Not really. The answer would change from country to country, and would also change in each country over different time periods. I am from India, and in our country, inflation has been at, or slightly higher than double digit for a while now, and we've been doing reasonably well. But the United States hasn't had double digit inflation for about thirty years now. Long answer short? There isn't a clear line, and there can't be one.

    • 2 years ago
    • Attachments:

See more questions >>>

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.