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Inflation is the a period of time during which there is a continuous rise in the general price level of various commodities consumed by the majority of the population.
Inflation affects everyone:
THE INDIVIDUAL CONSUMER: if they earn a fixed amount of income, they are worse off as they will be experiencing a loss in their purchasing power.
THOSE WHO HAVE BORROWED MONEY: they will gain as they will repay back a sum of money which is worth less in real terms.
LENDERS: they will lose because they will receive back a sum of money which is worthless in real terms
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what currency is least affected by inflation?
Inflation is endemic in a capitalistic society. Different economies (currencies) are affected differently and over time there is no such thing as a safe currency.
During which of these time periods was there a period of inflation?
1982 to 1984
Why inflation was high in india in 1974?
It was just because of war between india and pak 1971 caused slowly and gradually rise of inflation in india and pakistan too,while on that time only these two country were more affected then any other
What is a major problem for businesses during a period of chronic inflation?
It is a simple reason. Chronic inflation causes price rise across the board, all commodities affected. From the housewife buying vegetables to the jewelers, businessmen and everyone else using fuel. What also happens during chronic inflation situations is the government raises the interest rates. So while prices of all goods have gotten expensive so had the cost of borrowing. A difficult time for everyone. Btw the way, the government raises interest rates to curb the cash flow fueling the high prices. So if the cash flow decreased then prices will fall.
What is an inflation calculator used for?
The inflation calculator is used to figure out how much things cost due to inflation. It can help you figure out how much things will cost in the future if inflation continues at the current rate, it will also tell you how much things cost in different time periods if inflation were to have not happened.
what currency is least affected by inflation?
Inflation is endemic in a capitalistic society. Different economies (currencies) are affected differently and over time there is no such thing as a safe currency.
Who was affected in the ghetto's during holocaust time?
The Jews and Gypsies within the ghetto were the most affected.
During which of these time periods was there a period of inflation?
1982 to 1984
Which aspect of Chinese life was most affected by the chaos of the warring states?
The aspect that was affected the most was philosophy. This is because there were a lot of philosophers during this time that tried to make China a better place during the decline of the Zhou Dynasty.
Which aspect of Chinese life was most affected by the chaos created by the waring states?
The aspect that was affected the most was philosophy. This is because there were a lot of philosophers during this time that tried to make China a better place during the decline of the Zhou Dynasty.
Who was most affected by the Mexican cession?
At the time, the US was more affected.
How much was one dollar worth in the 1800?
Inflation was fairly flat in the United States during most of the 1800s. A dollar from almost any time during that century would be have the purchasing power of about 4 cents today.
Why inflation was high in india in 1974?
It was just because of war between india and pak 1971 caused slowly and gradually rise of inflation in india and pakistan too,while on that time only these two country were more affected then any other
How were war time inflation and food shortages kept in check during World War 2?
War rationing
Sentence with the word inflation?
"The Rate of inflation is at an all time low!"
Was Reading bombed during world war 2?
During this time, fortunately Reading was not really affected by the bombing and it was considered as a safe town to be during the war. Many people from London came to settle there during this period of time. One of the only times when Reading was affected was on the 10th February 1943…..
How were people in norwich during the blitz affected?
The people of Norwich at the time of the Blitz were not greatly affected, but 340 people from Norwich were killed in the Blitz.
