Question: Define and fully explain inflation, and who does inflation hurt and who does it hurt the most?
Inflation: The Govtestimate, (a good one) of the % change in the total market price of a weighted, adjusted common. Market basket of good/service, between two post time periods.
They should have a budget.
American spend 10% on fast food.
Is this $62,000 will buy you after 1 year what you can buy today.
You should change your % in what you spend.
? C.D.L.A s : Cost of living Adjustment
? They keep you from hurt.
? If you dont have C.D.L.A s you get full effect .
? Bank is the bad thing they follow wellstreet.
? Example: if you ask them for a loan $10,000 they well ask for $11,000.
? They just want there interest rate to be high.
? So they need your money.
? They are ware about inflation.
? A Businessman should higher his price.