150 users searched for this homework answer last month and 100 are doing it now, let’s get your homework done.
This Top Homework Answer is High School level and belongs to the Business subject.
This answer got 96 “Big Thanks” from other students from places like St. Ansgar or Berkley.
Which of the following do consumers usually want to see rise with inflation? A. Income B. Interest rates C. Money supply D. Taxes
Answer:The correct answer is option A. Explanation:Inflation refers to a sustained increase in the general price level. When the price level increases, the purchasing power of the consumer decreases. They need more money to purchase the same amount of goods. The real value of their cash balances decline. If the income of the consumer increases at the same rate as inflation their purchasing power will stay the same. So the consumers usually want their income to increase with inflation.
Students are also searching for
- which statement describes why radiocarbon dating has an upward limit of 50,000 years?
- what is a series of musical notes that have been strung together?
- how do falling prices affect supply
If you have more homework to do you can use the search bar to find the answer to other homework: 250 have done it today and 113 in the last hour.
Help your mates do their homework and share Top Homework Answers with them, it’s completely free and easy to use!