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26 July, 22:32

A history graduate student in the United States gets an $18,000 stipend per year. The U. S. sees significant inflation. How might the student react?

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Answers (2)
  1. 27 July, 00:47
    0
    Ask for a cost-of-living increase to her stipend.
  2. 27 July, 02:00
    0
    The student might ask for a raise in the stipend.

    Explanation:

    Inflation in the economy means that the price level will rise. This would lead to a decline in purchasing power. The real income of the student will decline because of the rise in price. In this situation, the student can ask for a raise in stipend proportionate to increase in the price level to counterbalance the inflationary pressures.
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