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Higher rates of inflation reduce planned spending because: Select one: a. the Fed reacts to the higher inflation by lowering interest rates. b. the reduction in wealth, resulting from the reduced real value of money, restricts spending. c. the real value of money increases. d. resources are redistributed from low-spending households to high-spending households.
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Higher rates of inflation reduce planned spending because: Select one: a. the Fed reacts to the high...
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