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Which of the following statements are consistent with how inflation affects the three functions of money? Check all that apply. Money is less useful as
Which of the following statements are consistent with how inflation affects the three functions of money? Check all that apply. Money is less useful as a store of value when inflation makes each dollar worth less. As a medium of exchange, money will be less in demand as prices rise because more money will be required to function from day to day. As a medium of exchange, money will be more in demand as prices rise because more money will be required to function from day to day. Money is more useful as a store of value when inflation makes each dollar worth less. As a unit of account, money will remain equally useful, regardless of inflation. As a unit of account, money might become less useful as rising prices make comparisons of data from one point in time to another more difficult
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