Rule of 70
PMF and expected value
July 9, 2019Details Regarding Decision Analysis
July 9, 2019If the CPI was 110 last year and is 121 this year, what is this year’s rate of inflation? What is the “rule of 70”? How long would it take for the price level to double if inflation persisted at (a) 2, (b) 5, and (c) 10 percent per year?
If the CPI was 110 last year and is 121 this year, what is this year’s rate of inflation? What is the “rule of 70”? How long would it take for the …
The expert calculates the time for the price level to double using Rule of 70.
