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Inflation causes things to cost more, and for our money to buy less (hence your grandparents saying "In my day, you coul
Posted: Thu Jun 30, 2022 7:41 pm
by answerhappygod
- Inflation Causes Things To Cost More And For Our Money To Buy Less Hence Your Grandparents Saying In My Day You Coul 1 (34.46 KiB) Viewed 29 times
Inflation causes things to cost more, and for our money to buy less (hence your grandparents saying "In my day, you could buy a cup of coffee for a nickel"). Suppose inflation decreases the value of money by 4% each year. In other words, if you have $1 this year, next year it will only buy you $0.96 worth of stuff. How much will $100 buy you in 10 years? $