Another econ question?
In periods of high inflation,
a. people want to hold on to as much money as possible.
b. the purchasing power of money is decreasing.
c. nobody wants to work and earn income.
d. low nominal interest rates are likely to result.
e. nobody wants to buy goods and services
explain answer
Answer:
b. the purchasing power of money is decreasing.
Inflation - prices are increasing, the money in your pocket is a fixed amount, so your money is worth less.
b
B. The purchasing power of money is decreasing. Not much to explain here. Your paycheck buys less each time you get one.
More Questions and Answers:
More Questions and Answers:
Please help.. >__<?
What produt have recently beein in high demand?
australian taxation policy and its potential?
how does better health help in developement of the country?
Is the Canadian Economy doomed due to its reliance on resources and it service sector?
what are the principles of making wealth?
Which American state would you say has the best economy and the worst economy?
what was the economy like in the north in 1800-1850?
how can we get big oil to keep gasoline prices under a dollar 50 a gallon numbers have power?
a. people want to hold on to as much money as possible.
b. the purchasing power of money is decreasing.
c. nobody wants to work and earn income.
d. low nominal interest rates are likely to result.
e. nobody wants to buy goods and services
explain answer
Answer:
b. the purchasing power of money is decreasing.
Inflation - prices are increasing, the money in your pocket is a fixed amount, so your money is worth less.
b
B. The purchasing power of money is decreasing. Not much to explain here. Your paycheck buys less each time you get one.
The answers post by the user, for information only, FunQA.com does not guarantee the right.
More Questions and Answers:
More Questions and Answers: