49. Indexing a. is a process of adjusting payment contracts to automatically adjust for changes in the

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49. Indexing

a. is a process of adjusting payment contracts to automatically adjust for changes in the price level.

b. can reduce the impact of inflation on the distribution of income.

c. may intensify the inflationary effects of expansionary monetary policy by increasing inflationary pressures.

d. is characterized by all of the above.

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