Which of the Following Statements About Inflation Is Correct

question 16

Multiple Choice

Which of the following statements about inflation is correct?

• A)Evidence from studies indicates that,in U.S.newspapers,inflation is mentioned less frequently than other economic terms,such as unemployment and productivity.
• B)People believe the inflation fallacy because they tend to believe too strongly in the principle of monetary neutrality.
• C)Nominal incomes are determined by nominal factors;they are not affected by real factors.
• D)Inflation does not in itself reduce people's real purchasing power.

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