Ongoing inflation does not automatically reduce most peoples incomes because a. the tax code is fully indexed
Question:
Ongoing inflation does not automatically reduce most people’s incomes because
a. the tax code is fully indexed for inflation.
b. people respond to inflation by holding less money.
c. wage inflation goes together with price inflation.
d. higher inflation lowers real interest rates.
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The correct answer is c wage inflation goes together with price inflation Heres why the other option...View the full answer
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Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
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