Asked by carrie
Inflation doesn't reduce purchasing power if ______.
price of essential products, such as food and gasoline, don't increase too much
it causes an increase in nominal wages
it remains under 10% per year
the Federal Reserve increases the money supply enough to offset it
price of essential products, such as food and gasoline, don't increase too much
it causes an increase in nominal wages
it remains under 10% per year
the Federal Reserve increases the money supply enough to offset it
Answers
Answered by
economyst
I would go with b) if it causes an increase in nominal wages BY THE SAME PERCENTAGE AMOUNT.
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