One Fundamental Idea in Macroeconomics About Inflation Is

question 69

Multiple Choice

One fundamental idea in macroeconomics about inflation is:

• A) if all wages rise, then inflation doesn't really affect anyone's purchasing power.
• B) when all prices rise, inflation occurs and everyone is worse off.
• C) keeping prices constant is the only way to ensure increasing purchasing power over time.
• D) if all prices decline, the purchasing power of everyone declines.

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