Discussion Forum 8.docx - Discussion Forum 8 In Discussion Forum 8 post your response to the following discussion topic Reply to at least two classmates

Discussion Forum 8.docx - Discussion Forum 8 In Discussion...

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Discussion Forum 8 In Discussion Forum 8, post your response to the following discussion topic. Reply to at least two classmates' responses by the date indicated in the Course Calendar . Inflation distorts relative prices. What does this mean and how does it affect consumer spending and disposable income? How does this affect society in general? Give some examples of how inflation has affected your buying power. A relative price is the price of an item(good or service) in terms of one another, or the ratio of two prices. It’s also an opportunity cost. Inflation is the result of an increase to the money supply at a faster rate than the underlying economic growth. Inflation distorts relative prices . Some prices change infrequently, so that when inflation rises, there is greater variation in relative prices . However, changes in relative prices
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