Inflation, on average, makes people neither richer nor poorer. Therefore it has no cost. True or false?

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Inflation, on average, makes people neither richer nor poorer. Therefore it has no cost. True or false? Explain.

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Question Posted: Feb 12, 2016 04:54 AM

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Inflation, on average, makes people neither richer nor poorer. Therefore it has no cost. True or false?

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False While inflation doesnt make the nation any poorer on ...View the full answer

Macroeconomics

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