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Inflation & deflation, MV = PV, 1568887915-Gold_Silver, 69009_164034_1…
Inflation & deflation
The cost of inflation
Very high inflation
inflation costs are the easiest to identify when inflation is very high—in the hundreds of percent or more.
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Moderate inflation
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• Inflation and Taxes
When inflation rises, people pay higher taxes on the income they earn from savings.
The Inflation Fallacy
Inflation means that prices of goods and services rise—things become more expensive. People cannot afford to buy as much as before, so their standard of living suffers.
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