Business, 03.11.2019 07:31 tsadface21

The text states, “inflation is a type of tax.” this tax refers to when inflation occurs.

a.
a special tax on taxpayers in order for the government to balance its budget

b.
a higher nominal interest rate of a typical loan

c.
the lower purchasing power of money

d.
a higher tax rate that the government must impose

Answers: 1

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The text states, “inflation is a type of tax.” this tax refers to when inflation occurs.

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