4.5) Because of general price inflation in our economy, the purchasing power of the dollar shrinks...

4.5) Because of general price inflation in our economy, the purchasing power of the dollar shrinks with the passage of time. If the average general inflation rate is expected to be 8% per year for the foreseeable future, how many years will it take for the dollar's purchasing power to be one-half of what it is now? Solve using a Excel function.

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jeff jeffy answered 1 year ago

What is the link between purchasing power parity, inflation and the exchange rate

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