How long would it take for the price level to double if inflation persisted at the following percentages? Instructions: Enter your answers as a whole number. a. 2 percent per year: years b. 5 percent per year: years c. 7 percent per year: years
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How long would it take for the price level to double if inflation persisted at the following percentages?
Instructions: Enter your answers as a whole number.
a. 2 percent per year: years
b. 5 percent per year: years
c. 7 percent per year: years
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- Why is the axiom of economics state that 2-3% of inflation is a good thing for the economy. Why would it matter since, real gdp isn't growingIf the rate of inflation is 7 percent per year, the price level will double in aboutHow long would it take for the price level to double if inflation persisted at the following percentages? 17.5 percent per year 35 percent per year 3.5 percent per year
- How can we determine the economic loss (or gain) in present worth caused by inflation?3. The index number representing the price level changes from 114 to 110 in one year. The inflation rate during the year is _____ percent. Round your answer to two digits to the right of the decimal (for example, 7.19) and do NOT include the word "percent" or the percent symbol in your answer. Negative rates are possible.Why do you think the U.S. experience with inflation over the last 50 years has been so much milder than in many other countries?
- 5. Why should heterodoxy be better than orthodoxy to fight inflation from the point of view of the inertialists?In Zimbabwe the rate of inflation hit 90 sextillion percent in 2009, with prices increasing tenfold every day. At that rate, how much would a $2 jug of milk cost six days later? Hint: Use the following equation to calculate future price: Future price = (current price) x (inflation rate)t, where t is the number of days in the future. Instructions: Round your response to one decimal place. $ millionAssume the expected rate of inflation is 3 percent per year. What nominal interest rate should you charge to receive a real interest rate of 2 percent per year?
- If inflation is increasing and you expect it to continue to the future then you will want to Spend your money slower and sooner Spend your money slower and later O Spend your money faster and later Spend your money faster and soonerIn the graph you've just explored, what is the inflation rate if the unemployment rate is 8 percent? _____ percent per year >>> Answer to 1 decimal place. Thanks Screenshot attachedExplain the different intervention measures that are taken by the government to control inflation? Can inflation be zero, if not what is limit that can be tolerated?