Question: 6. 10.28 (a) How many future dollars will you need 5 years from now to maintain the buying power of $50,000 now, if the deflation

6. 10.28

(a) How many future dollars will you need 5 years from now to maintain the buying power of $50,000 now, if the deflation rate is 3% per year?

(b) Why is persistent deflation a potential danger to the economic health of a country?

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