The increase in the money supply that causes prices to rise and leads to inflation, loses purchasing power.
What is inflation?
Inflation refers to the persistent rise in the general prices of commodities in the economy over a period of time. If the prices of goods and services increase in an economy without an increase in income of people, it reduces the purchasing power of individuals.
This follows the law of demand which states that; the higher the price, the lower the quantity demanded; the lower the price, the higher the quantity demanded.
learn more of inflation here brainly.com/question/16502523
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52.5 already has 1 decimal point.. no more rounding needed.
Answer:
2.
Step-by-step explanation:
Let the number be x.
2x+7 = 11
2x = 11-7
x = 4/2
x = 2
Hope this helped!
Answer:
10 years later it would be doubled
Step-by-step explanation:
5000
10% per annum so
10 *10 =100
100%*5000=5000
5000+5000=10000
5000 doubled Is 10000
For the answer to the question above, if the workers earnings are the function, the means f(e) = the function of the earnings
since the rate of $8.75 per hour times n (the number of hours worked), your equation should look like this:
f(e) = 8.75n
I hope my answer helped you
