Inflation   a. leads people to use more resources to reduce money holdings. There is no way it can make labor markets work more efficiently. b. leads people to use more resources to reduce money holdings. However, it can make labor markets work more efficiently.   c. leads people to use fewer resources to reduce money holdings. There is no way it can make labor markets work more efficiently   d. leads people to use fewer resources to reduce money holdings. However, it can make labor markets work more efficiently.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Inflation

 

a.

leads people to use more resources to reduce money holdings. There is no way it can make labor markets work more efficiently.

b.

leads people to use more resources to reduce money holdings. However, it can make labor markets work more efficiently.

 

c.

leads people to use fewer resources to reduce money holdings. There is no way it can make labor markets work more efficiently

 

d.

leads people to use fewer resources to reduce money holdings. However, it can make labor markets work more efficiently.

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