Question: Indicate whether the following statement is TRUE or FALSE and explain your answer: A unique stamp purchased some years ago for $2000 is now worth
Indicate whether the following statement is TRUE or FALSE and explain your answer: A unique stamp purchased some years ago for $2000 is now worth $60000. In the same time the CPI has gone from 4 to 160. This means that the real (inflation adjusted) value of the stamp has increased (hint: you can use common sense, you do not need to use any 'formulas').
briefly explaining in two lines will be enough whether this is true or false
i wrote that anything in value which has an on going demand will definately have. aprice increase in the future along with that inflation has also increased but how can i properly interpret this
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
