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Social Studies, 28.04.2021 22:30 jpganeing555
Which statement best describes what high inflation indicates about an economy?
O The purchasing power of a dollar remains the same as 15 years ago, so high inflation has no impact on the
economy
O A worker's salary today will buy the same amount of groceries for the same price as 10 years ago.
O Rising costs in housing, food, and utilities will likely have a negative impact on a family's standard of living.
O 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?
O The purchasing po...
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