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The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
Edition 4ISBN: 978-0133859997The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
Edition 4ISBN: 978-0133859997 Exercise 23
One of the points made in this chapter is that inflation erodes investment returns. Go to http://www.moneychimp.com/articles/econ/inflation_calculator.htm and review how changes in inflation alter your real return. What happens to the difference between the adjusted value of an investment and its inflation-adjusted value as
a. inflation increases?
b. the investment horizon lengthens?
c. expected returns increase?
a. inflation increases?
b. the investment horizon lengthens?
c. expected returns increase?
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The Economics of Money, Banking and Financial Markets 4th Edition by Frederic Mishkin
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