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Mathematics, 31.03.2021 19:00 jetskiinbunny31
Which statement best describes what high inflation indicates about an economy?
The purchasing power of a dollar remains the same as 15 years ago, so high inflation has no impact on the economy.
A worker’s salary today will buy the same amount of groceries for the same price as 10 years ago.
Rising costs in housing, food, and utilities will likely have a negative impact on a family’s standard of living.
The government will not work to manage inflation when it is at high levels since there is no policy that has proven to be effective.
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Which statement best describes what high inflation indicates about an economy?
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