Which of the following statements about inflation is not true? - ProProfs Discuss
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Which of the following statements about inflation is not true?



A. Unanticipated inflation redistributes wealth
B. An increase in inflation increases nominal interest rates
C. If there is inflation, taxing nominal interest income reducees the return to saving and reduces the rate of economic growth
D. Inflation reduces people s real purchasing power because it raises the cost of the things people buy

This question is part of Macroeconomics [Ch. 1
Asked by Emy_, Last updated: Apr 01, 2020

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Emy_

Emy_

Answered May 28, 2019

Inflation reduces people s real purchasing power because it raises the cost of the things people buy
 

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