Economy, asked by JoyloveM4714, 1 year ago

How can increasing taxes on petroleum products reduce inflation?

Answers

Answered by cmanoj5511
0

Answer:

If inflation increases all prices by 2%, the price of gasoline relative to other goods will not change. Inflation is not the effect of this or that rising price. ... A lower price of oil means that, for a barrel of oil, you can get more of other goods and services. The change of one price cannot, per se, impact inflation.

Explanation:

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