Suppose you postpone consumption so that by investing at 8% you will have an extra $800 to spend in one year.Suppose that inflation is 4% during this time.What is the approximate real increase in your purchasing power?
A)$800
B)$600
C)$400
D)$200

Question

Quizplus · Accepted Answer

The Answer of Suppose you postpone consumption so that by investing at 8% you will have an extra $800 to spend in one year.Suppose that inflation is 4% during this time.What is the approximate real increase in your purchasing power?
A)$800
B)$600
C)$400
D)$200

Suppose You Postpone Consumption So That by Investing at 8