Suppose that inflation is 2 , the interest rate is 2 , and these are constant over time If I give you $280 today, you can buy 1 Apple Watch Alternatively, you can put the money in the bank until it doubles in roughly 70 2 35 periods When that happens, you will be able to buy (2x, 3x, 4x) as much m...

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Suppose that inflation is 2%, the interest rate is 2%, and these are constant over time....

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Suppose that inflation is 2%, the interest rate is 2%, and these are constant over time. If I give you $280

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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