Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
 0 viewing
Joya_h
Group Title
is everyone worse off because of inflation? why or why not?
 one year ago
 one year ago
Joya_h Group Title
is everyone worse off because of inflation? why or why not?
 one year ago
 one year ago

This Question is Closed

Libniz Group TitleBest ResponseYou've already chosen the best response.1
not if you have loan outstanding; and you are the borrower
 one year ago

Joya_h Group TitleBest ResponseYou've already chosen the best response.0
can you just explain it little bit @Libniz
 one year ago

Libniz Group TitleBest ResponseYou've already chosen the best response.1
well, say you borrow $100 with 1 percent interest; so without inflation , you would pay at $101 the end of the year; let say there way inflation and money is worth half of what it did last year. so $100 you borrowed has only value of $50 now; so even though you are paying $101 , it is worth same as 101/5 it did when you borrowed it
 one year ago

Joya_h Group TitleBest ResponseYou've already chosen the best response.0
ok, thanks for helping. so, can you write me a complete answer? "yes or no" and "why or why not"? thanks anyway @Libniz
 one year ago

Libniz Group TitleBest ResponseYou've already chosen the best response.1
I think my answer was more than complete if you bothered to actually read it
 one year ago
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
 Engagement 19 Mad Hatter
 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.