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Discuss impact of Inflation
What does real wealth consist of?
What are some of the
consequences of inflation?
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Inflation
Inflation has a significant impact on the economy of a nation. It is therefore important to
understand the general consequences associated with inflation. However, before getting to its
consequences, it is important to understand why inflation has existed since immemorial (Hazlitt
146). One of the reasons behind this is confusing of Money with wealth. Some people have the
wrong idea of wealth when they ...
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