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Which of the following are accurate statements regarding inflation? Failing to adjust for inflation in time series data that relates to monetary units can lead
Which of the following are accurate statements regarding inflation? Failing to adjust for inflation in time series data that relates to monetary units can lead to misleading data visualizations. Inflation only occurs in economies that are experiencing destabilizing events like war or famine. Prices that are not adjusted for inflation are referred to as nominal prices. Inflation refers to the tendency of prices to increase over time. When creating a line chart for cost data over time, it does not matter if the data are adjusted for inflation or not
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