1 Answered Questions for the topic Deflation Rate

Deflation Rate Percentage

03/25/15

What would be the cost after 20 years of an item that costs $600 initially? (Round your answer to the nearest cent.)
From 1929 through the early 1930s, the prices of consumer goods actually decreased. Economists call this phenomenon deflation. The rate of deflation during this period was about 7% per year,... more
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