If you are saving for a new fridge that costs $2,000 and the economy experiences

inflation, what can you expect to happen to the price of the fridge?

It is likely to go down

Appliances are not effected by inflation, only food products

It is likely to go up

Question

Social Studies

Rashad Brady

26 November, 02:00

If you are saving for a new fridge that costs $2,000 and the economy experiences

inflation, what can you expect to happen to the price of the fridge?

It is likely to go down

Appliances are not effected by inflation, only food products

It is likely to go up

+5

Answers (1)

Know the Answer?

Kyan Carrillo · Answer 1

Inflation affects everything, the fridge will be more expensive, for example now cost $2,000 if inflation continues in two year that fridge can cost $3,000 because The purchasing power of the low currency

If you are saving for a new fridge that costs $2,000 and the economy experiencesinflation, what can you expect to happen to the price of the fridge?It is likely to go downAppliances are not effected by inflation, only food productsIt is likely to go up

If you are saving for a new fridge that costs $2,000 and the economy experiences

inflation, what can you expect to happen to the price of the fridge?

It is likely to go down

Appliances are not effected by inflation, only food products

It is likely to go up