Whose real wealth (see Table 7.3) declined in the 1990s? Who else might have lost real income
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Whose real wealth (see Table 7.3) declined in the 1990s? Who else might have lost real income or wealth? Who gained as a result of inflation?
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TABLE 7.3 The Real Story of Wealth Households hold their wealth in many different forms. As the value of various assets changes, so does a person's wealth. Between 1991 and 2001, inflation was very good to people who held stocks. By contrast, the real value of bonds, gold, and silver fell. Asset Stocks Diamonds Oll Housing U.S. farmland Average price level Silver Bonds Stamps Gold Change In Value (%) , 1991-2001 +250% +71 +66 +56 +49 +32 +22 +20 -9 -29
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Related Book For
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
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