You are watching a movie with your family that is set in 1931. The lead couple saves $5,000 for a honeymoon to travel the world. Your sister says that she doesn't think that would be a very nice vacation because $5,000 won't last the couple very long if they travel through Europe. She argues that the $5,000 probably wouldn't last more than one week for the couple because she just returned from Europe last week.

 Does your sister's logic make sense to you? If yes, please explain why you agree with her. If no, please explain what's wrong with her logic.

Answer rating: 100% (QA)

Your sisters logic may not be accurate due to the concept of inflation Inflation refers to the gener... View the full answer