Inflation:
a. always reduces real income
b. never reduces real income.
c. reduces the real income of workers when wages increase more than prices do.
d. reduces the real income of workers when wages increase less than prices do.
e. increases the real income of workers only when wages increase less than prices do.
d
Economics
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A. Covert collusion B. Cut throat competition C. Cartels D. None of these choices are true.
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