Business, 26.02.2020 19:56, elise47

Thirty years ago Daniel bought a plot of land for $50,000 when the CPI was 50. Now the CPI is 180 and he sold the land for $180,000. What issue might inflation cause for Daniel?

options:a. tax distortionsb. shoe-leather costsc. price confusiond. money illusion

Answers: 3

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Thirty years ago Daniel bought a plot of land for $50,000 when the CPI was 50. Now the CPI is 180 an...