Inflation affects
A)both the level and the distribution of income.
B)neither the level nor the distribution of income.
C)the distribution, but not the level, of income.
D)the level, but not the distribution, of income.

Question

Quizplus · Accepted Answer

Inflation affects both the level and distribution of income because it can erode purchasing power, impacting overall income levels, and it can also affect different groups differently, altering income distribution.

Inflation Affects