Anashti l Brat Pack l Sally & Dr. Finklestein
Evan had been trying to work on the conversions, he really had. But he'd actually gotten so distracted he'd managed to make a mess of all of his equations and had to start over. Pushing the wrong answers to the side, he was just about to get started from scratch when Holden announced it was time to move on with the discussion. He couldn't help a small sigh that escaped, merely because he didn't like leaving things unfinished, and yet there was also a portion of him relieved he wouldn't have to try again and risk frustrating himself even further.
So.. redirect time. Inflation, was it? Knowing next to nothing about previous wizarding economics, Evan didn't have much to say in regards to if the prices of things had fluctuated or would be similar to what they were in the past. Did the wizarding economy experience inflation? Did the value of the coins they used as currency change or was it a constant? He was interested to hear the discussion from his peers regarding that. In the mean time, he could offer response on other questions. His muggle school in the States had done a very brief introduction to economics before the Nam family had moved, and given Evan was... well, Evan, he'd read further on it for fun later.
He raised his hand and waited for Holden to call on him before offering what he knew. Or... what he thought he understood about it. "Inflation is the increases in prices of goods and the simultaneous decrease in the value of currency. It generally occurs because there is a influx in demand of products, which allows companies to raise the prices which then ripple effects to the rest of the market. Sometimes the price increases can also be due to decrease in availability of product needed to make something a consumer wants. Like if there was a wood shortage, building a house from the ground up would be more costly than it would if there was an abundance of material." He decided he'd already spoken enough and would leave the other question.
__________________ _________ _________________________________________ღ ღ ღ ღ ღ ღ ღ ღ ღ ღ 
Let them point and laugh at who we are, it's you and me here dancing from the start |