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Which of the following are true statements about inflation? [Select all that apply] Inflation occurs in part because of economic growth Inflation means that a

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Which of the following are true statements about inflation? [Select all that apply] Inflation occurs in part because of economic growth Inflation means that a dollar is worth less in the future Individuals do not have any tools to combat inflation; only the Federal Reserve can do anything Consumers would benefit from the Federal Reserve cutting inflation to 0% Inflation is an increase in prices in the overall economy that leads to diminished purchasing power for consumers Inflation causes increased cost of living over time

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