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According to Figure 7.3,prices and Wages Were Rising,so

Question 111

Multiple Choice

According to Figure 7.3,prices and wages were rising,so A) Sellers of output were better off than wage earners. B) Everyone must have been worse off since the price level rose faster than incomes. C) There were no redistributive effects of inflation. D) The economy was experiencing stagflation. According to Figure 7.3,prices and wages were rising,so


A) Sellers of output were better off than wage earners.
B) Everyone must have been worse off since the price level rose faster than incomes.
C) There were no redistributive effects of inflation.
D) The economy was experiencing stagflation.

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