Inflation is undesirable because it redistributes income from those who can raise prices to those who cannot.
<h3>What is inflation?</h3>
- In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation.
- Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
- A general increase in prices over time diminishes customers' purchasing power because a constant quantity of money will eventually allow for less consumption.
- Whether inflation is running at 2% or 4%, consumers still lose purchasing power; the higher inflation rate only doubles that loss.
- Those interest rates that are fixed for the duration of the loan, won't fluctuate in line with inflation.
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The answer is D. An increased interest rate.
The bank will increase the interest rates on loans to get a return on their expenses.
Answer:
private prison enterprise
Explanation:
A public jail is not a profit-generating enterprise. The eventual objective is to house jailed prisoners in an effort to rehabilitate them or remove them from the streets. A private jail, on the other hand, is administered by a business. That corporation’s final purpose is to profit from everything they deal in.
In order to generate money as a private jail, the firm gets into a contract with the government. This contract should indicate the basis for payment to the company. It might be based on the size of the jail, based on a monthly or annual predetermined sum, or in most situations, it is paid depending on the number of convicts that the prison holds.
As of 2019, there are around 116,000 inmates detained in private prisons, which constitutes 8 percent of the overall federal and state prison population.
Many of these jails save the government money, but others actually cost more per prisoner than a public institution would cost.
The steps involved in Nikita's application for financial aid include the following:
1. Nikita creates an FSA ID.
2. Nikita fills out the FAFSA form online.
3.Nikita rechecks the information she provided and makes a few corrections.
4. Colleges Ask Nikita to verify the information in the FAFSA.
5. In about two weeks Nikita received a document called Student Aid Report.
6. Nikita received financial aid award letters from various colleges.<span />
