ECON 100 WEEK 11 QUESTION 1

label Economics
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schedule 1 Day
account_balance_wallet $5

Inflation is important. Now, the nice thing is, we have an inflation killer. Any ideas?

Mar 17th, 2015

It is called inflation killer because inflation cannot be bad under all circumstances. It should be noted that, inflation has another meaning of rising wages. Since rise in wages is nearly uniform, but rise in prices is not. Now one cannot control prices of good and services, but one do have choices to spend more in areas, which could lead to saving or profit. Using this approach, one can kill effect of inflation within personal level.

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Mar 17th, 2015

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