Macroeconomics Study Set 48
Quiz 16: Inflation, Disinflation, and Deflation
An inflation rate of 5% will increase the purchasing power of $1 to $1.10.
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An inflation tax is the effect on the public of a reduction in the value of money caused by inflation.
It is impossible for the U.S. government to raise revenue by printing more money because the Federal Reserve, not the Treasury, issues most of the U.S. money supply.
People can avoid the inflation tax by reducing their real money balances.
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