Understanding Inflation's Impact on an Economy
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
O A worker's salary today will buy the same amount of groceries for the same price as 10 years ago.
O 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
5) Intro
Done