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    Exam 8: Economic Fluctuations, Unemployment, and Inflation
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    Inflation Isn't Costly Just Because Prices Are Going Up
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Inflation Isn't Costly Just Because Prices Are Going Up

Question 89

Question 89

Essay

Inflation isn't costly just because prices are going up. After all, inflation means salaries and wages are going up as well. If higher prices are not the problem, discuss two important aspects of inflation that are costly.

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One important cost of inflation is that ...

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