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True or False... inflation tends to increase the purchasing power of nominal income?

2006-11-27 07:28:22 · 1 answers · asked by Cf Precious 3 in Education & Reference ➔ Higher Education (University +)

1 answers

False. Inflation decreases your purchasing power. And it also decreases the value of your debt.

2006-11-27 07:36:46 · answer #1 · answered by starsman29 2 · 0⤊ 0⤋

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