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Author Question: Explain the costs imposed by an increase in inflation. What will be an ideal ... (Read 45 times)

elizabeth18

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on: Jun 30, 2018
Explain the costs imposed by an increase in inflation.
 
  What will be an ideal response?

Question 2

In 2014, the average inflation rate in the OECD countries was
 
  A) 1.7.
  B) 2.3.
  C) 5.2.
  D) 3.8.
  E) 10.5.


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vboyd24

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Reply #1 on: Jun 30, 2018
Answer to Question 1

The answers to this question should include a discussion of: shoe-leather costs, tax distortions, money illusion, and inflation variability.

Answer to Question 2

A


elizabeth18

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

isabelt_18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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