Question

Draco Malfoy buys cursed artifacts and fancy robes. In 2018 his purchasing power of cursed artifacts was 14 and his purchasing power of fancy robes was 8. In 2018 his income was $2000. In 2019 his purchasing power of cursed artifacts was 16 and his purchasing power of fancy robes was 6. In 2019 his income was $2250. Was Draco Malfoy helped or hurt by inflation from 2018 to 2019?

1)	Helped if he likes to buy cursed artifacts and hurt if he likes to buy fancy robes.

2)	Helped if he likes to buy fancy robes and hurt if he likes to buy cursed artifacts.

3)	Neither helped nor hurt as he can by 22 items in both 2018 and 2019.

4)	Purchasing power has nothing to do with inflation.

Answer 1

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Draco malfoy consumes cursed artifacts and fancy robes

2018 purchaing power : 14 cursed artifacts, fancy robes 8 (total of 22)

2019 purchasing power : 16 cursed artifacts, fancy robes 6 (total of 22)

Purchasing power is the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you would be able to purchase. since purchasing power of cursed artifacts has increased from 2018 to 2019 (14 to 16) and purchasing power of fancy robes has decreased (8 to 6), but he can still but 22 of both the goods in 2018 and 2019. So Was Draco Malfoy helped or hurt by inflation from 2018 to 2019?

Answer: 3) Neither helped nor hurt as he can by 22 items in both 2018 and 2019.