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Sublight2097 Sublight2097
wrote...
Posts: 4132
8 years ago
When inflation occurs,
A) everyone (or almost everyone) is made worse off.
B) only wealthy people can maintain their previous consumption levels.
C) the cost of living rises.
D) the prices of all goods rise in equal proportions.
E) the purchasing power of money declines.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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Posts: 1990
8 years ago
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Sublight2097 Author
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8 years ago
Seriously, you've been tremendously helpful! Thank you.
wrote...
8 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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