Question: Since nominal incomes increase with inflation, A . expected inflation increases the purchasing power of the average consumer. B . unexpected inflation does not affect

Since nominal incomes increase with inflation,
A.
expected inflation increases the purchasing power of the average consumer.
B.
unexpected inflation does not affect the purchasing power of the average consumer.
C.
expected inflation reduces the purchasing power of the average consumer.
D.
expected inflation does not affect the purchasing power of the average consumer.

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