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If all wages, salaries, welfare benefits, and other sources of income were indexed to inflation, O A. inflation may not have negative impacts on people's purchasing power, but it will still have harmful effects on the economy by increasing administrative costs and inefficiencies. O B. inflation will have no negative effect on the economy. O C. inflation will benefit both debtors and creditors. O D. inflation will lower the purchasing power of people on fixed income.

If all wages, salaries, welfare benefits, and other sources of income were indexed to inflation, O A. inflation may not have negative impacts on people's purchasing power, but it will still have harmful effects on the economy by increasing administrative costs and inefficiencies. O B. inflation will have no negative effect on the economy. O C. inflation will benefit both debtors and creditors. O D. inflation will lower the purchasing power of people on fixed income.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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If all wages, salaries, welfare benefits, and other sources of income were indexed to inflation, O A. inflation may not have negative impacts on people's purchasing power, but it will still have harmful effects on the economy by increasing administrative costs and inefficiencies. O B. inflation will have no negative effect on the economy. O C. inflation will benefit both debtors and creditors. O D. inflation will lower the purchasing power of people on fixed income. Click to select your answer Casper Prn Sc SysRq Del Ins F12 F9 F10 11 F6 F7 F8 F2 F3 F4 F5 F1 esc Backspace % 7 8
Transcribed Image Text:If all wages, salaries, welfare benefits, and other sources of income were indexed to inflation, O A. inflation may not have negative impacts on people's purchasing power, but it will still have harmful effects on the economy by increasing administrative costs and inefficiencies. O B. inflation will have no negative effect on the economy. O C. inflation will benefit both debtors and creditors. O D. inflation will lower the purchasing power of people on fixed income. Click to select your answer Casper Prn Sc SysRq Del Ins F12 F9 F10 11 F6 F7 F8 F2 F3 F4 F5 F1 esc Backspace % 7 8
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