suppose all wages, salaries, welfare benefits, and other sources of income were indexed to inflation. Would inflation still be considered a problem?

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suppose all wages, salaries, welfare benefits, and other sources of income were indexed to inflation. Would inflation still be considered a problem?
Answered Same DayDec 31, 2021

Solution

Robert answered on Dec 31 2021
29 Votes
Suppose all wages, salaries, welfare benefits, and other sources of income were indexed to
inflation. Would inflation still be considered a problem?
Answer:
Inflation is defined as the persistent increase in general price level. It is problematic because it
educes the real value of all...
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