How many years will it take for the dollars purchasing power

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because of the 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 7% per year for the foreseeable future, how many years will it take for the dollar's purchasing power to be one half of what is it now?

Reference no: EM13190998

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How many years will it take for the dollars purchasing power : the 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 7% per year for the foreseeable future, how many years will it take for the do..

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