Inflation acts like a tax because:
A) The government tends to benefit during periods of inflation.
B) It takes income and wealth from some people and gives it to others.
C) Inflation pushes everyone into higher tax brackets.
D) Everyone loses purchasing power during periods of inflation just like everyone must pay taxes.
Correct Answer:
Verified
Q89: Suppose the cost of medical care rose
Q90: The value of an original painting,held as
Q91: Generally speaking,which of the following groups would
Q92: Suppose a recent college graduate has an
Q93: Nominal income must have fallen if real
Q95: If the number of dollars you receive
Q96: Which of the following is an example
Q97: Nominal income:
A) Reflects the purchasing power of
Q98: The value of a piece of land,held
Q99: Suppose the cost of milk rose 100
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents