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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What is indexing?

To determine

The concept of indexing is to be explained.

Explanation

The automatic adjustment occurring along with inflation in prices, wages, or interest rates is known as indexing. The indexed payment increases directly depending as per the index numbers that are used for measuring inflation. This behavior of automatic adjustment is commonly observed in private markets and government programs...

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