Why Inflation Is Considerd a Bad Thing

In: Social Issues

Submitted By quanme
Words 1294
Pages 6
Why Inflation Is Considered a Bad Thing

LaQuan Howell
Embry-Riddle Aeronautical University

Abstract Economist for a long time have argued about the causes and implications of inflation. This research aims at identifying the various negative implications that inflation causes. The research indicated that inflation causes negative effects like increase in prices of goods and services, interrupted purchasing power of consumers, and slow economic growth.

Introduction Inflation is defined as the decrease in the value of money. It is the continued increase in the level of prices for products and services especially over a short duration of time. This means that the value of a currency does not stay constant during period of inflation, and the purchasing power of consumers’ declines. Thus, whatever consumers earn, will buy less of a good or service. When inflation increases it results to an increase in the prices of commodities, and this may bring about employees demanding an increase in wages. This normally translates to a decrease in profit for the company. Consumers will have less amount of money to use; this could translate to a decrease in company sales.
Disadvantages of inflation Inflation is usually considered to be an issue when the rate rises above two percent. The higher the rate of inflation is, the more the problems it causes. Inflation affects the menu costs of goods and services. Menu cost is the charge of changing prices. When the menu cost in a company becomes too high, a firm suffers from a decrease in profit earned. Inflationary pressure reduces economic growth in a country due to the high charges on prices of goods and services (Robert, 1993). When inflation increases, it tends to became more unpredictable. Thus, it becomes more complicated for companies to…...

Similar Documents

Why Smoking Is Bad for You

...Why smoking is bad not only for you also for everybody else Why smoking is bad not only for you also for everybody else It is being proofproven that smoking can not only give you cancer and it kill you. Several reasons may involve why people conscious about it still decide to smoke, also it is being proofproven when you smoke not only you are hurting yourself also you are affecting those who are around you. If you smoke, your physical condition will be negatively affected, so it will be very difficult for you to succeed in physical activities. Maybe you don’t notice all the physical effects of smoking immediately, but you surely will be sorry one day. Do not leave extra space Another reason why you should not smoke is because of all the money that you spend on it. Maybe you start smoking only when someone offers you a cigarette, but there will be a day when you will feel the need of a cigarette. By this time, you will spend more money. All the money you would spend in something better, don’t you think? Do not leave extra space Considering the last reason why you shouldn’t smoke is out of respect for the people around you. When you smoke, you not only harm yourself, but you also harm all the people around you. So you mustn’t be selfish; you should at least avoid smoking in front of people who don’t smoke. Also many people don’t like the cigarettes smell, so they won’t enjoy your company. Do not leave extra space I gave you some reasons of why you shouldn’t smoke,......

Words: 368 - Pages: 2

Good Thing Gone Bad

...get my hair done. That is when all my trouble began. I should have known that the outcome of this situation was going to be a fail, judging by results of my friend’s hair, but I decided to go with it. When I entered the shop, I noticed that the stylist was the only one who worked in there, why because she was the owner of the shop. She seated me and told me that she would be with me in a moment. I looked at my phone and the time showed 9:30am. When she finally returned to seat me in her chair, it was 10:30am. When I was seated, she asked me how I wanted my hair. I showed her the picture from the magazine cutout. She told me that the style that I have chosen was not a problem and asked was I sure that I wanted to cut my hair. I was determined to get my adult look and said that I was sure. When she started to cut my hair, she told me that she was going to cut a little bit first and then ask me if I wanted it shorter. That never did happen. She just starting cutting and snipping like her life depended on it. I wanted to get up and leave, but figured that my hair was already gone so what more could go wrong. She then proceeded to relax my hair. That might have been the only thing that she did right during this process. After that, she started to wrap my hair and place me under the dryer. For those who do not know what a wrap is, it is a method of combing the hair around the head starting at the crown of the head. Once it is dry, it’s combed out to achieve smooth......

Words: 819 - Pages: 4

Being Average Is Not a Bad Thing

...Being Average is Not a Bad Thing This paper will discuss the article “We’re All Above Average” from our text book (Noe, Hollenbeck, Gerhart, & Wright, 2011). The article talks about the stigma placed on being considered average during a performance interview. Although many employees do rate in the middle, most employees think they’re above average. So what happens if an employee receives feedback that implies they are average, how would you expect them to react during a performance interview? It has been my experience that most employees know how they are performing either through their own inner insight or from the manager’s consistent feedback throughout the year. They react with little or no emotion. But what happens if the employee is truly surprised? To eliminate most surprises, employees were asked to provide self-evaluations which included their strengths, weaknesses and personal goals. This gave the interviewing manager insight to what the employee thinks of their own performance. It enables the managers to prepare for a more productive feedback interview. Therefore, the strategic and developmental purposes of performance management will change depending on the self-evaluation and reaction of the employee to the “average” feedback. It is without doubt that some employees are perfectly happy meeting standards and being rated “average”. Reinforcing this behavior is appropriate if the current behavior is satisfactory and acceptable to the......

Words: 575 - Pages: 3

Inequality a Necessary Bad Thing for America

...Inequality is necessary a bad thing for America It’s been a dilemma of one disadvantaged group after another; blacks, women, Hispanics and immigrants has been increasingly established in the United States, conceded equal rights and brought into the minorities. At the same instance, in commercial lingoes, America has gone from being a fairly equal nation to one disappointingly deceitful inequality in the globe. Both moves are each vast and enormously important: one shows a balanced march toward democratic inclusion, the other concerning acceptance of economic classification of people into groups based on shared socio-economic conditions that would have been unthinkable a generation ago. Top of Form The executive branch of the United States’ government is predicated on the belief that anyone can be president.  Many people point to Barack Obama as a supporting example, citing the fact that he grew up in an impoverished home, the son of a black African immigrant from Kenya and a white American mother. Over the last 110 years, over half of the presidents have attended Harvard, Yale, or Princeton, with our last four presidents being Harvard or Yale alumni.  As a result we have become both more comprehensive and more selective.  It’s a surprising disagreement. Is the appointment of these two results a mere historical accident? Other countries seem to deal with the same challenge: either comprehensive, or economically just. European nations have conserved much more economic......

Words: 445 - Pages: 2

Why Death Isn't so Bad

...Why Death Isn’t So Bad For You When it comes to death, many people are often afraid of the unknown. Because everyone may have their own beliefs about what occurs after death, the thought of death can be scary. Nobody, except for perhaps God (if He exists), knows what happens after death. But if death is defined as total, permanent annihilation, then it really is not bad for the person who dies. I do not mean for this statement to be confused with the attitude that there are no bad aspects of death. Death is not bad for the person who dies because they no longer exist, and therefore anything that happens in any world no longer affects them in any way. Also, one does not need to be afraid of death, because in the state of permanent annihilation, they will not be aware of their loss of life. Before discussing why death is not a bad thing for the person who dies, it should first be noted why total, permanent annihilation is not a bad thing. Permanent annihilation means just that; everything is completely destroyed and non-existent forever. In regards to the asymmetry problem, if pre-natal non-existence is not viewed as something bad, why should post-mortem non-existence be viewed as something bad? Non-existence is not bad thing. There is an infinite list of people, objects, and events that have and will never exist. Is it bad for these people and things that they are non-existent? Many argue that the asymmetry problem does not work because pre-natal......

Words: 1817 - Pages: 8

Are Guns a Good Thing or Bad Thing?

...Are Guns a Good Thing or a Bad Thing Melissa Cushman Vincennes University Jasper Campus English 102 Professor Mayfield 15 April 2013 Are Guns a Good Thing or Bad Thing? Have you ever wondered why the media never shows anything positive that happens due to guns? Guns have never gone off by themselves on purpose. There is always a living person pulling that trigger. The government keeps trying to take away our guns when the President himself has armed security guards for him and his family. People need to take a stand for what they believe in and fight for their rights! The government should perform more extensive background checks instead of just taking the guns away. Guns should not be outlawed because “guns do not kill people; people kill people”. There has been much debate in our country about gun control and whether or not it is necessary. The event that brought all of the debates to the surface was the Sandy Hook shooting that happened on December 14, 2012. Following this tragic event, the country gave political figures and the President of the United States a reason to push for more control on this issue. Some of the biggest problems facing the American people are confiscation, stricter laws, and 2nd Amendment rights (Madison, 2013). When rumors came out that the government wanted to confiscate all of the guns in the country people became outraged. The ones that do not own guns to begin with of course supported this rumor which ended up becoming...

Words: 984 - Pages: 4

Why Smoking Is Bad

...Why smoking is a bad thing Today, smoking is an issue which is on everybody’s mind. The whole country is divided on this issue. Some believe that smoking should be banned everywhere while others are not so harsh. Tobacco, however, should be outlawed because smoking pollutes the environment, endangers everyone’s health, and wastes taxpayers’ money due to health problems. Cigarette smoking causes a number of health problems which are expensive to treat. It is a major cause of respiratory diseases such as asthma, lung cancer and bronchitis. It also leads to heart disease. In spite of the money which the Government receives from taxing cigarettes, the cost of medical treatment for these diseases exceeds this income. Smoking cigarettes can cost people tens of thousands a dollars a year. As a consequence, non-smoking taxpayers are forced to pay for the health costs of smokers, which is a very unfair situation. Another reason for banning smoking is that cigarette smoke affects the health of non- smokers and unborn babies. Cigarettes are not only harmful to users, but are also damaging to all people around a smoker. Non-smokers often suffer from eye and nose irritations, allergies and headaches as a result of inhaling second-hand smoke. Cigarettes cause a high percent of lung cancer and are responsible for thirty percent of all deaths resulting from cancer. People who have smoked for a significant period of time will have noticeable problems breathing......

Words: 422 - Pages: 2

Why Is Boredom Bad?

...Essay for english Everyone may think different reasons of why and why not boredom does or doesn't lead someone into trouble. Boredom does lead to trouble; this can be found for not only teens, but adults as well; however, boredom can lead some to find a new perspective about him/her. A kid decides to explore his family’s house, and then BAM, his mother/father is yelling at him because maybe he broke something or he wasn’t supposed to go in that room. This can bring about problems within the family and can be a result of a broken family. Lots of teens hang out with friends, and sometimes do stupid things. I think this because, since they were bored at home all day, and finally getting out with their friends, makes them want to do dumb things or act stupid and could lead them and their friends into big trouble. If teenagers are bored, they may start hanging out with the wrong group of “friends” just because it would seem to them to bring some entertainment. The same motivation can make them try and use cigarettes, alcoholic drinks or even drugs. Boredom often makes young people do something illegal to get their share of adrenaline. Boredom and peer pressure - these are the big culprits when it comes to teenage drinking, drugs, sex and violence. If they have enough knowledge they can also become very dangerous thieves and hack people’s credit cards or computers. This helps them focus their brain and get their sense of pleasure. If youths are not that intelligent, they......

Words: 839 - Pages: 4

Why Do Bad Things Happen to Good People?

...Education: The Value of A College Education Name College Name Class Section Professor Date   Why Is Important Value Of College Education? Many people have their own views on the value of a college education it is what many people now a day need for a better life. Education plays a major rule on how your life will be. Many believe that the education you receive will benefit you in many ways. I would have to agree with them. Personally I believe education determines the life you will have. Education allows you to be financially stable, have a better life style, an allow you to be a role model to many. First of all having an education allows you to be financially stable. Many people do not have education which causes the problems. For example, many families will struggle with many which lead to many problems. Furthermore, being financially stable gives you an advantage in this economy. It is known that being in financially stable home makes a family less likely to divorce. For the most part an average of 70% of the families are not financially stable, many of this have had an education. Meanwhile some of those who have an education may continue to struggle. For instance, many times they may not be able to find a job. When it comes down to it education benefits many people. In closing, being financially stable allows you to be stress free. Question 1: On a completion scale of 1-7 with 1 being the lowest and 7 being the highest, where do you......

Words: 947 - Pages: 4

Is Divorce a Good or a Bad Thing?

...Is Divorce A Good Or Bad Thing? Introduction Divorce is defined as a marriage ending before any of the spouses die. According to dictionary.com, “divorce is a judicial declaration dissolving a marriage in whole or in part, especially one that releases the husband and wife from all matrimonial obligations.” Some countries in which divorce has become commonplace are the United States and South Africa. Divorce is not considered as big a deal today as it has been in the past. There has been an increase in divorce. Some people believe that the age of a child is an important factor in determining the impact divorce may have on a child (Beekman, 1986). Some also believe that, gender has an impact on the reaction to divorce on both children and parents (Whitton, Rhoades, Stanley, & Markman, 2008). Others believe that the impact divorce may have on parents is when they have less personal relationship commitment to their own marriage and are less confident in their own ability to maintain a happy marriage (Whitton, Rhoades, Stanley, & Markman, 2008). People may also believe that the communities that surround the family unit may be the cause of divorce (Wolfinger, 2005). One of the positive reasons for divorce is that women are becoming dependent and working in many different workforces (Jennifer, 2010). The purpose of this paper is to examine the effects of divorce. In order to do this, the paper is divided in two sections. The first section will examine the...

Words: 2880 - Pages: 12

Why War Is Bad?

...'enemy' and might not even share the motives of the side they have been presumed to support. War eradicates hopes and dreams of millions, destroys homelands, frightens and oppresses people. Nothing that, in the end, brings more bad than it does good can be justified. Any kind of war is unjustifiable because it involves only killing. And what kind of victory does one get? Victory over millions of dead human flesh.Victory over the broken hearts of the family and relatives. We must not forget the horrors of the two world wars. In these wars, there was mass-killing and destruction of property. Thousands were made widows and orphans. War brings hatred and spreads falsehood. People become selfish and brutal. Finally I believe Wars are not the solution of the problems. Instead they generate problems and create hatred among nations. War can decide one issue but gives birth too many. Hiroshima and Nagasaki are the greatest horrible faces of the consequence of wars. Even after 60 years people are suffering from the miseries of war. Whatever be the cause of war, it always results in destruction of life and property at large. Do you agree with the british troops being in Afghanistan at the moment? There is a common saying that war is never good, peace is never bad. Therefore because I disagree with any kind of war I do not agree with the troops being in afghnistan. War is the enemy of all humanity and human civilisation. Nothing good can be achieved out of it. Hence, it can never......

Words: 1148 - Pages: 5

Why Gun-Control Is a Bad Idea

...Cheyenne Frazier 10/15/15 Anti-Gun Control 867 words Why Gun Control is a Bad Idea The world is full of many dangers and here we will address one of them. Imagine if you were stuck in a heist, where criminals have the guns pointed at your head. In one quick motion, with a finger pressed into the trigger, you could lose your life. However, what if you reimagine the situation with a few citizens who are armed? Whether they are conceal-carriers, or have it open-carry, they could defend themselves and the others against the criminals. This is what many do not consider. Although guns are misused and are used against another human being, without guns we are only victimized in many different ways. We have no way to defend ourselves as quickly as we could with our own source of guns. Guns are tools, just like cars and hammers and axes and so forth. Some argue that guns have no use other than to cause harm and destruction. Although that is true, as we use them for sport in hunting and to cause harm but in a protective way, guns were never intended to murder others seemingly for the sport of it. Guns are made by the militia and the people for defensive purposes. However, some get their minds wrapped around it the wrong way, and they turn to darkness and abuse the ability of guns for wicked reasons. If the government were to ban the usage of guns, surely this evil usage of guns will not stop; instead, it will invite homicide, the deaths......

Words: 888 - Pages: 4

When Bad Things Happen to Good People

...When Bad Things Happen to Good People By: Harold Kushner Pablo Falcon Spring 2010 When Bad Things Happen to Good People Written by: H. Kushner “When Bad Things Happen to Good People” is a very personal book. The author talks about his belief in God and how people perceive the situations they get in as an act of God himself. The author explains that when unfortunate happenings occur people tend to blame it on God or the simple fact that the unfortunate happened because “the person must have deserved it”. The author also reflects upon the feelings that many people have when something bad happens to them or a loved one. They begin to question their faith. Why didn’t God answer my prayers? Is God real? What is God her for anyway? The main point the author illustrates is that the things that happen are not God’s doing. There is one point in the book that Kushner makes about how flight 205 crashed instead of flight 209. The plane crash caused people to die. God did not choose what families to afflict tragedy and pain on. If it was God’s choice he wouldn’t have had any of the planes crash. God gave flight 205’s families the courage to live on and look forward to the future. He did not cause the plane crash. Kushner says that, “Adam and Eve ate from the ‘forbidden tree’, also known as the Tree of Knowledge of Good and Evil”. Adam and Eve were given a test to see if they were going to be human or animal. Humans face choices. Animals have instincts. Adam and Eve......

Words: 601 - Pages: 3

Service Learning and Why It Is Bad

...service provided on a structural level. He points to potential negative effects of service learning such as blaming individuals, neglect in mutual communication and autonomy of recipients being compromised. He points out that a good design in service learning would include balancing the agency of the primary stakeholders which consists of the students, faculty, educational institution, service recipients, community agencies and the communities involved. Firstly, Morton’s piece reminded me of Johnson’s piece on Privilege and Oppression we discussed last week. The one thing that stood out to me was Morton’s criticism of the narrative of individual acts of kindness by the privileged overwhelming the recipient. It alludes to a bigger problem of service learning and volunteering in a broader sense and how one’s egocentricism can overpower the agency of service recipient when we adopt a view that what we do is the right thing, it is good and just. An act of kindness in this case, without discussion or learning from the local members of a community can be self-righteous and even selfish. It is not to say as a student I do not want to feel good about the service and learning aspects but it is important to recognise the service we provide is not centred on our own narratives or our own understanding of what is good and just without consulting the community we intend on serving. It is harmful as it diminishes the autonomy of the service recipients. Secondly, Eby highlights the......

Words: 693 - Pages: 3

Bad Things

...CPSC 1150: Lab 4 Switch/case, while loops methods, and menus Introduction Most modern programs do more than one thing and don't quit till the user quits the program. Our previous program terminate when the program ended, but most program waits for input when it's not doing any work. Only when the user informs that program that they want to quit, does the program exits. Through this example, we will look at the while loop, switch/case statement, and how to break your program into individual pieces with methods Preparation • • • Read 3.13, 5.2,5.3, 5.5 and 6 Read class notes Try problems 4.18, 5.32, 6.20 Instructions Create a program that can be used by nursing students to help them with calculations. You program should contain the following menu items. 1) Dosage Calculation Amount Given= D ×V H D = dose ordered or desired dose H = dose on the container label or dose on hand V = form and amount in which drug comes(tablets, capsule, liquid) Example: D =50mg, H = 125mg, V = 5ml Amount Given = 2ml. For this option create a subroutine that prompts for quantity and units of D , H . In addition to asking for the quantity of D and H ask for their units as well. Make sure their units match. 2)IV rate calculation using calibrated tubing gtt /min= V ×C minutes or gtt /min= V ×C hours∗60 V = is the volume in milliliters C = is the calibration of the tubing in gtt/ml Time = in minutes or hours. For this......

Words: 456 - Pages: 2

Yugoslavia | April 2010 | Dragon Ball Super Episode 53 English Dub