Personal Finance Tax Update
Personal Finance Tax Update
13th Edition
ISBN: 9780357438947
Author: E. Thomas Garman; Raymond Forgue
Publisher: Cengage Learning US
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Chapter 1, Problem 3FPC
Summary Introduction

Case summary: Ms. J graduated six years ago with a degree in aeronautical engineering and started working as an engineer in Alabama. Last year on joining as a mid-level system engineer on jet aircraft at Seattle, Washington, some of the responsibilities included design and coordination for the projects of the Department of Defense. Ms. J believes that the economy will suffer in the next two or three years with deflation.

Characters in the case : Ms. J

Adequate information: Ms. J believes that there will be a price declining (deflation) in the economy within the next two or three years.

To determine: The reasons for declining prices (deflation) in an economy.

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