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<p>[QUOTE="-jeffB, post: 1050350, member: 27832"]You're describing asymptotic growth, not exponential (geometric) growth. If the inflation rate is a constant 2%, the price of a good will double in about 35 years, with the slope of the curve steeper at the end than at the beginning. You can make that curve look as steep as you want by stretching the y-axis or compressing the x-axis; by doing the opposite, you can make it look less steep. But the characteristic shape doesn't change. It doesn't go vertical, period -- except at a revaluation.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 1050350, member: 27832"]You're describing asymptotic growth, not exponential (geometric) growth. If the inflation rate is a constant 2%, the price of a good will double in about 35 years, with the slope of the curve steeper at the end than at the beginning. You can make that curve look as steep as you want by stretching the y-axis or compressing the x-axis; by doing the opposite, you can make it look less steep. But the characteristic shape doesn't change. It doesn't go vertical, period -- except at a revaluation.[/QUOTE]
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