Ec083 final exam pre test Study guides, Class notes & Summaries
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EC:083 Final Exam Pre-Test.
- Exam (elaborations) • 7 pages • 2024
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EC:083 Final Exam Pre-Test. 
 
 
The main result of inflation is 
a. pushing most prices down 
b. reducing the purchasing power of the dollar 
c. making everyday products unaffordable 
d. increasing consumer demand - CORRECT ANSWER reducing the purchasing power of the dollar 
 
Which of the following is a true statement regarding inflation: 
a. It is always caused by consumer demand 
b. It does not affect everyone in the economy 
c. It impacts only low-income consumers 
d. It is a general trend ...
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