How is the standard of living affected when inflation occurs rapidly?
A
The standard of livin...
Business, 01.06.2021 19:20 destinywashere101
How is the standard of living affected when inflation occurs rapidly?
A
The standard of living declines because wages fail to keep up with rising prices.
B.
The standard of living improves because the value of the currency rapidly increases.
C.
The standard of living declines because the rising deficit results in higher tax rates.
D. The standard of living improves because rising returns on investments increase wealth.
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