Which statement best describes what high inflation indicates about an economy? The purchasing power of a dollar remains the same as 15 years ago, so high inflation has no impact on the economy. A worker’s salary today will buy the same amount of groceries for the same price as 10 years ago. Rising costs in housing, food, and utilities will likely have a negative impact on a family’s standard of living. The government will not work to manage inflation when it is at high levels since there is no policy that has proven to be effective.
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Which statement best describes what high inflation indicates about an economy? The purchasing power...
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