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If other economic variables (prices, wages, and interest rates) do not move together with inflation, or if they adjust for inflation only slowly, those who
If other economic variables (prices, wages, and interest rates) do not move together with inflation, or if they adjust for inflation only slowly, those who hold an important part of their wealth in cash will see their wealth being eroded by the increase in prices. Question 56Select one: True False
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
