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ozzi
3 years ago
14

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

Business
1 answer:
natita [175]3 years ago
3 0

The text states, “inflation is a type of tax.” This tax refers to the lower purchasing power of money  when inflation occurs.

Answer:

C. the lower purchasing power of money

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The correct journal to record this transaction is -

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