Inflation Affect on the Function of Money - Free Essay Example

Sample details Pages: 2 Words: 554 Downloads: 1 Date added: 2017/09/24 Category Economics Essay Type Argumentative essay Tags: Money Essay Did you like this example? Explain how inflation affects the functions of money. Inflation is the general increase in the price level over a period of time. Money is something that is generally acceptable in the exchange of goods and services. When inflation occurs, the value of money decreases as the same amount of money can’t buy the same amount of products like before. The purchasing power of money decreases. If the inflation rate is high and unanticipated, lots of problems can occur. People can lose confidence in money as it can not continue to keep its value. People will not save their money to invest further. Money loses its store of value function. People will tend to keep real assets like lands to retain their wealth. Money can not serve as a medium of exchange, too because people rather use solid products like clothes or jeans to exchange for goods than the worthless money. Banks and other institutions tend not to lend money to others because the money paid back is worth less, making them lose money. Money can no longer be a standard for deferred payment. In this way, investment, borrowing and lending are discouraged. Businesses in need of cash to buy equipments to start up, to expand and to overcome cash flow problems can not get enough finance so they will produce less output and salary to workers. Moreover, the prices now can not show the real value of goods and consumers can be confused about the real value of products sold. Money loses its unit of account function as well during periods of high unanticipated inflation. On the other hand, when the inflation is low and stable (especially demand-pull inflation), it actually helps the economy and encourages money to function better. Price rise motivates businesses to expand output and hire more workers for higher production level. With more people having more salary and increases in wages to compensate the rate of inflation, people’s purchasing power actually may increase and they will buy more pr oducts. Money continues to serve as a effective medium of exchange as it circulates around the economy. The unit of account function of money won’t be affected as the prices of goods still represent the value of goods. Firms can benefit from low real interest rates sometimes because of inflation and are encouraged to invest and borrow from banks. Banks are willing to lend because they can add interest rates according to current inflation rate. Money is still standard for deferred payments. However, money’s store of value function might be affected as money’s value will fall due to inflation. Yet as long as the inflation rate is stable and expected, people can plan in advance or save money in banks for interest rates to avoid any undesired effects. Yet if the inflation rate is low and stable, money can function better. People’s wage increase can keep up with the inflation rate; though prices are generally higher, consumers can still make purchasing d ecisions and demand will increase. Businesses will be motivated by increasing prices and produce more output to satisfy consumer demands. Money will flow smoothly in the exchange of goods at the same time Also, steadily increasing prices show that the value of products might be increasing as well because money as a unit of account Don’t waste time! Our writers will create an original "Inflation Affect on the Function of Money" essay for you Create order

My Journey Through Literacy Essay - 1340 Words

My Journey through Literacy I remember being read to ever since I was young in Spanish by my mother before entering grade school. Despite my mother’s language barrier, she never hesitated to take my siblings and I to the Houston public library in downtown twice a week. I remember catching more than two buses to our destination. Once inside the library, I would run towards the aisle that had collections of Disney books. I don’t think I knew how to read during that time, therefore, I would grab the books just to look at the pictures, colors, and characters that were portrayed as evil and nice. I also believe I would pretend to read and retell a story that did not match the book. All I could do consisted of identifying the letter of the†¦show more content†¦When the poet walked into our class to facilitate this life changing event, I couldn’t help staring at how tall she was, bubbly, and comfortable she made me feel. Before we started writing our pieces, Mrs. Charlotte Kennedy met wit h us one by one and empathized with our ideas. She encouraged us to put our thoughts, words, and energy into poetry, stories, artwork, and acting. Despite my negative view towards reading and writing I decided to take on the challenge because for the first time it was something I wanted to do. Formulating my ideas was easy, putting them into paper was the hard task for me and time consuming. Through this event I discovered within myself the capacity of formulating sentences and understanding what is being asked to create. This piece of writing gave me the strength to speak up and ask for help when needed. I also understood that writing and reading are powerful skills that would allow me to create my anthology. If it wasn’t for the constant support from my parents, teachers, and mentors my level of reading and writing would of have never progressed, knowing that I could of have been an illiterate person. Reading is a skill that is developed in order to verbally communicate with one another, while writing consist of putting one’s thoughts into paper. When I entered high-school, reading and writing was implemented in every subject. Math, Science, Reading, and even extracurricular activities required these powerfulShow MoreRelatedFormal English Essay1311 Words   |  6 Pages Many writers share their experiences about literacy and language. The writer Helen Keller wrote The Day Language Came into My Life, an essay where she tells the reader her experience with how she learned how to speak, read and write even though she is blind and deaf. Amy Tan wrote Mother Tongue, an essay where she talks about the trouble of speaking English as an immigrant in a new country. Frederick Douglass wrote Learning to Read and Write, an essay where he talks about becoming literate duringRead MoreFrederick Douglass And Malcolm X Essay1237 Words   |  5 Pageslearning to read and write. 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Kill Bill vs Hamlet Free Essays

Hamlet and Kill Bill â€Å"Revenge is a dish best served cold. † The Sicilian proverb used as Kill Bill Vol. 2’s tagline perfectly points out a tragic flaw shared by Shakespeare’s Hamlet and Quentin Tarentino’s modern hero: Bill (from Kill Bill Vol. We will write a custom essay sample on Kill Bill vs Hamlet or any similar topic only for you Order Now 1 and Kill Bill Vol. 2). In Kill Bill Beatrice is a killer belonging to a team of assassins lead by a man by the name of Bill. Beatrice and her master fall in love and one night while she is on a job, she discovers she is pregnant. She realizes the world of assassins is no place for a mother and makes the decision to leave the team and leave Bill. When Beatrice does not return to him, Bill searches everywhere for her, not willing to accept she may have been killed on the job. He finally finds her only to learn that she is pregnant and about to be married! From this, Bill derives his motivation for revenge. Hamlet obviously has more of a just cause to act on, where Bill, and really all the corrupt characters in his world, act based on selfishness. Though However much they may differ, their likeness is shown through choices made when taking their time in exacting revenge, when they let their situations drive them to madness, when they refuse to act without confirmation, and when they let their arrogance and need for revenge blind them. While similarities between Hamlet and Bill’s moral standings are little to none, it is the element of revenge that reveals the shared traits that bring these men to their demise. The realization that his lover had not only left him without a single word, but had only months later been knocked up and engaged to wed, sent Bill into a maddened outrage. He confronted Beatrice outside of the church where she, her soon to be husband, and all of his family were having a wedding rehersal. He tells Beatrice he just wants to see her happy and that he’ll let her go. Once Beatrice is back inside the church Bill sends in his team to kill them all. Bill walks in himself and shoots Beatrice in the head. Obviously this cruelty is nothing like the madness Hamlet experienced after finding out the truth behind his father’s death. His became more of a depressed mind. He would sulk around day after day saying outlandish things to people who tried to comfort him. It seemed that suicide was not far from his thoughts. Another thing his madness led him to do was to force himself upon the one he thought he loved: Ophelia. This flaw in Bill and Hamlet’s characters affected them in very different ways. However this is not surprising, for they were certainly very different people. The point is, these two men let these unfortunate happenings make them both forget their minds for a time. However rash these two men might be under the right circumstances, it is more in their nature to procrastinate. It just so happens that even with that direct shot to the head, Beatrice did not die. Bill has one of his assassins sneak into her hospital room, fully prepared to finish the job. However when the assassin informs him of his former lover’s condition, he tells her to abort, saying, â€Å"Y’all beat the hell out of that woman, but you didn’t kill her. And I put a bullet in her head, but her heart just kept on beating. We’ve done a lot of things to this lady. And if she ever wakes up, we’ll do a whole lot more. But one thing we won’t do, is sneak into her room in the night like a filthy rat, and kill her in her sleep. And the reason we won’t do that thing, is because that thing would lower us. † It is safe to say that even with absolutely no regard for human life, Bill is a man of honor and integrity. Hamlet too decides to spare the life of his victim for the time being. He finds himself alone in a room with his uncle, the prey not privy to the predator’s presence. However the King had just prayed for forgiveness of his sins, and Hamlet was determined to make him burn in hell. Instead of getting the job done when they had their chance, these men let their ideals and over-confidence lead to their destruction. Bill’s virtues would typically make a good man even more righteous, so naturally this quality has a negative effect towards his outcome. Because of his decision, Beatrice is allowed to wake up from her coma to find out that Bill has taken her baby. Determined to get her baby back and to get her own revenge, she sets out after Bill. Along the way, one by one, she slays her fellow assassins who have wronged her. All this time Bill has plenty of opportunities to set a trap for her or to simply find her and finish her, but he waits, just as Hamlet waits, wasting his constant access to his uncle, the King. The last bit of procrastination that only prolongs the lives of the victims, increasing the chance of failure with every permitted breath; the last tie between these two tragedies, is the need for confirmation. Rather than acting when they still had the advantage, Bill and Hamlet both insist on getting answers. When Beatrice finally makes it to Bill’s house, he first allows her quality time with her five year old daughter, leaving her completely vulnerable. When the girl is asleep and Beatrice leaves the room, he injects her with truth serum and questions her on everything that happened and why, all the while having access to a number of different weapons. It is not until they are both seated across from one another, both with sword in hand, that any attempt is made to kill. This is also a perfect reflection of Bill’s sense of honor. In Hamlet’s similar situation based on finding the truth, Hamlet refuses to make a move on the unsuspecting King until he has judged his reaction based on a play put on that closely resembles the murder of Hamlet’s father. Of course after having seen the play, set up by Hamlet himself, the King sends Hamlet away to his death. In the final moments of both these tragic stories, both Bill and Hamlet meet their end. The outcomes do differ slightly. Hamlet does end up carrying out revenge on his uncle, sending him to the depths of hell, while Bill’s prey lives on. One thing that makes up for Bill’s lack of success is that after the lethal blow had been cast upon him, he seems to realize that he had a choice between dieing and watching the one he loves die. It seemed like more of a success to him that his love got to live, and he got to spend his last moments with her. However, that is not to be taken as acceptance of death (because right up until he was critically wounded, he wanted Beatrice dead) or admittance of wrongdoing. These characters definitely have only themselves to blame for their demise. The traits of these men that led them to make bad decisions are known as their tragic flaws. Nonetheless, these so-called flaws aren’t necessarily horrible attributes and definitely don’t make a person bad or flawed. In fact most human beings display all these qualities in some degree. This is why, no matter what generation, nationality, race, sex, or culture; past, present, or future, we will always be able to relate to, and learn a great deal about ourselves from tragedy. How to cite Kill Bill vs Hamlet, Papers