Question and answer
If the Inflation Rate in 1996 was tripled and the House Price Index was only affected by inflation, what would the House Price Index Outside the Capital be starting in 1997?
In economics, hyperinflation occurs when a country experiences very high and usually accelerating inflation. [ While the real values of the specific economic items generally stay the same in terms of relatively stable foreign currencies, in hyperinflationary conditions the general price level within a specific economy increases rapidly as the functional or internal currency, as opposed to a
foreign currency. It loses its real value very quickly, normally at an accelerating rate.[1] Hyperinflation[2] results from a rapid and continuing increase in the supply of money, which occurs when a government prints money or creates credits in bank accounts, instead of collecting taxes to fund government activities. The price increases that result from more government spending create a vicious circle, requiring ever growing amounts of money creation to fund government activities. Hence both monetary inflation and price inflation rapidly accelerate. Such rapidly increasing prices cause widespread unwillingness of the local population to hold the local currency as it rapidly loses its real value. Instead they quickly spend any money they receive, which rapidly increases the velocity of money flow, which in turn causes further acceleration in prices.[3] Hyperinflation is often associated with wars or their aftermath, political or social upheavals, or other crises that make it difficult for the government to tax the population. ]
Ask a question
Not a good answer? Get an answer now. (FREE)
Original conversation
User: If the Inflation Rate in 1996 was tripled and the House Price Index was only affected by inflation, what would the House Price Index Outside the Capital be starting in 1997?

Weegy: In economics, hyperinflation occurs when a country experiences very high and usually accelerating inflation. [ While the real values of the specific economic items generally stay the same in terms of relatively stable foreign currencies, in hyperinflationary conditions the general price level within a specific economy increases rapidly as the functional or internal currency, as opposed to a foreign currency. It loses its real value very quickly, normally at an accelerating rate.[1] Hyperinflation[2] results from a rapid and continuing increase in the supply of money, which occurs when a government prints money or creates credits in bank accounts, instead of collecting taxes to fund government activities. The price increases that result from more government spending create a vicious circle, requiring ever growing amounts of money creation to fund government activities. Hence both monetary inflation and price inflation rapidly accelerate. Such rapidly increasing prices cause widespread unwillingness of the local population to hold the local currency as it rapidly loses its real value. Instead they quickly spend any money they receive, which rapidly increases the velocity of money flow, which in turn causes further acceleration in prices.[3] Hyperinflation is often associated with wars or their aftermath, political or social upheavals, or other crises that make it difficult for the government to tax the population. ]
rocketmail|Points 363|

User: infIf the Inflation Rate in 1996 was tripled and the House Price Index was only affected by inflation, what would the House Price Index Outside the Capital be starting in 1997?lation rate is 1.5 and 99 price

Weegy: In economics, hyperinflation occurs when a country experiences very high and usually accelerating inflation. [ [ While the real values of the specific economic items generally stay the same in terms of relatively stable foreign currencies, in hyperinflationary conditions the general price level within a specific economy increases rapidly as the functional or internal currency, as opposed to a foreign currency. It loses its real value very quickly, normally at an accelerating rate.[1] Hyperinflation[2] results from a rapid and continuing increase in the supply of money, which occurs when a government prints money or creates credits in bank accounts, instead of collecting taxes to fund government activities. The price increases that result from more government spending create a vicious circle, requiring ever growing amounts of money creation to fund government activities. Hence both monetary inflation and price inflation rapidly accelerate. Such rapidly increasing prices cause widespread unwillingness of the local population to hold the local currency as it rapidly loses its real value. Instead they quickly spend any money they receive, which rapidly increases the velocity of money flow, which in turn causes further acceleration in prices.[3] Hyperinflation is often associated with wars or their aftermath, political or social upheavals, or other crises that make it difficult for the government to tax the population. ] ]
Expert answered|haudenschield|Points 90|

Question
Asked 10/27/2012 7:42:26 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
ODBS stands for ______ a. Offline database connection b. Oriented ...
Weegy: ODBS stands for - c. Open database connection
4/20/2014 10:16:42 AM| 4 Answers
introduction of travon martin case
Weegy: Trayvon Benjamin Martin (February 5, 1995 – February 26, 2012) was a 17-year-old African American from Miami ...
4/20/2014 10:14:44 AM| 3 Answers
What is the best wine to serve with chicken?
4/20/2014 1:25:16 PM| 3 Answers
Banks use a large percentage of their checkable deposits for the ...
Weegy: Banks use a large percentage of their checkable deposits for the purpose of B. giving loans User: All of the ...
4/20/2014 12:17:59 PM| 2 Answers
What is an attitude?
4/20/2014 6:00:57 PM| 2 Answers
define ad hominem
Weegy: Ad hominem means appealing to feelings or prejudices rather than intellect. User: define appeal to emotion ...
4/20/2014 10:14:10 PM| 2 Answers
What is Confucianism User: Which of the following is NOT a true ...
Weegy: Please enter the statements, and we will let you know which one is not true. User: Which river is located in ...
4/20/2014 12:19:55 AM| 1 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1601 [Total 6988]| Ratings 0| Comments 1601| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1495 [Total 9376]| Ratings 0| Comments 1495| Invitations 0|Offline
S
1
L
1
L
P
Points 499 [Total 7176]| Ratings 1| Comments 489| Invitations 0|Offline
S
L
Points 429 [Total 2876]| Ratings 2| Comments 399| Invitations 1|Offline
S
L
1
1
1
Points 189 [Total 3455]| Ratings 7| Comments 119| Invitations 0|Offline
S
R
Points 178 [Total 290]| Ratings 5| Comments 108| Invitations 2|Offline
S
Points 163 [Total 579]| Ratings 0| Comments 163| Invitations 0|Offline
S
Points 160 [Total 160]| Ratings 6| Comments 80| Invitations 2|Offline
S
1
Points 154 [Total 484]| Ratings 3| Comments 124| Invitations 0|Offline
S
Points 141 [Total 785]| Ratings 1| Comments 131| Invitations 0|Offline