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    Economics Study Set 8
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    Exam 34: Inflation, Deflation, and Macro Policy
  5. Question
    Non-Economists Often Say That Inflation Makes the Nation Poorer
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Non-Economists Often Say That Inflation Makes the Nation Poorer

Question 149

Question 149

Essay

Non-economists often say that inflation makes the nation poorer.Why are they incorrect? What are two actual costs of inflation? Explain your answer.

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Whenever prices go up,the buyers are mad...

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