Ask Question
31 August, 09:20

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?

+4
Answers (2)
  1. 31 August, 09:30
    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.
  2. 31 August, 09:45
    0
    Ask for a cost-of-living increase to her stipend.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A history graduate student in the United States gets an $18,000 stipend per year. The U. S. sees significant inflation. How might the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers