How does inflation affect peoples standard of living

Reference no: EM1392494

1. Assuming no government intervention, describe the market behavior that should result if the price of a product is below its equilibrium price; then describe the behavior that should occur if the price is above its equilibrium price.

2. How does inflation affect people's standards of living and savings?

3. Define stock, bond, and mutual fund. What are the benefits and risks associated with each of these investments?

Reference no: EM1392494

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