Respuesta :
If the country of Vineland experiences inflation of 150% whereas the world average inflation rate is 2.75%, then how would its currency be affected? The value of Vineland's currency will decrease.
What are Inflation rates?
- Over 61 years, the United States consumer price inflation rate varied between -0.4% and 13.5%. A 4.7% inflation rate was calculated for 2021. The average annual inflation rate was 3.8% from 1960 to 2021, the observational period.
- According to the United States Federal Reserve, the 10-Year Breakeven Inflation Rate was 2.42% in September 2022.
- The obvious approach is to request a wage increase of about 8.5 percent to at least keep up with inflation, but experts warn that's not necessarily the wisest course of action. Research pay rates for average pay increases across all industries as well as for your own industry and position as your first order of business.
If the country of Vineland experiences inflation of 150% whereas the world average inflation rate is 2.75%, then how would its currency be affected? The value of Vineland's currency will decrease.
To learn more about the inflation rate, refer to:
https://brainly.com/question/1100560
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