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What is the effect of inflation on the real value of money? a. Decrease b. Not related c. No effect d. Increase

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 29CTQ: If, over time, wages and salaries on average rise at least as fast as inflation, why do people worry...

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