When inflation is high, on a daily basis the money in your pocket becomes what?

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When inflation is high, on a daily basis the money in your pocket becomes what?

A.) Worth more
B.) Worth less
C.) Liquidated
D.) Discretionary spending

2007-05-14 05:47:03 · 4 answers · asked by OPAL S 1 in Business & Finance ➔ Taxes ➔ United States

4 answers

B it is worth less than the previous period based on buy power.
For example a house that was selling for $100,000 last year may cost $125,000 this year.

2007-05-14 07:49:51 · answer #1 · answered by waggy_33 6 · 0⤊ 0⤋

E) Toilet Paper...

A high degree of inflation means less discretionary funds available, because everything costs 2-5x what it is worth, meaning an economic slowdown.

2007-05-14 05:58:52 · answer #2 · answered by jcurrieii 7 · 0⤊ 0⤋

2007-05-14 05:54:38 · answer #3 · answered by Matt G 5 · 0⤊ 0⤋

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2007-05-15 02:49:31 · answer #4 · answered by acmeraven 7 · 0⤊ 0⤋