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After graduation you get a job and move to NYC. You and your roommates can rent an apartment for $5,000 in 2019 dollars. Housing costs
After graduation you get a job and move to NYC. You and your roommates can rent an apartment for $5,000 in 2019 dollars. Housing costs in NYC generally increase by 3% per year, which matches the general rate of inflation. What would you expect to happen with housing costs assuming you and your roommates continue to rent? Constant dollars and then-current dollars would increase Constant dollars would increase and then-current dollars would not change Constant dollars would not change and then-current dollars would increase Constant dollars and then-current dollars would not change
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