Page 1 of 1
Question 22 1 pts Why do we say that inflation fallacy is a fallacy? Increases in the price level can be created by incr
Posted: Mon Apr 18, 2022 9:25 am
by answerhappygod
- Question 22 1 Pts Why Do We Say That Inflation Fallacy Is A Fallacy Increases In The Price Level Can Be Created By Incr 1 (28.46 KiB) Viewed 51 times
Question 22 1 pts Why do we say that inflation fallacy is a fallacy? Increases in the price level can be created by increases in money demand Nominal incomes tend to rise at the same time that the price level is rising Oo As the price level rises, the value of a dollar falls. Inflation only changes nominal variables.