Inflation is not equitable because it arbitrarily changes the pattern of income distribution.

Name: Inflation is not equitable because it arbitrarily changes the pattern of income distribution.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inflation can lead to an increase in prices, which can disproportionately affect individuals with lower incomes or fixed incomes, resulting in a redistribution of income in favor of those with higher incomes or assets. This change in income distribution is arbitrary and can be considered inequitable.

Inflation Is Not Equitable Because It Arbitrarily Changes the Pattern