History, asked by kendallann322, 7 months ago

What was the effect of higher inflation?
a.
wage increased
c.
dollar also rose in value
b.
dollar lost buying power
d.
taxes rose to combat inflation

This is the unit: Post War Politics after WWII

Answers

Answered by imsofresh1192

Answer:

Higher inflation will raise the cost of living. The impact on workers depends on what happens to nominal wages. For example, if inflation is caused by rising demand and falling unemployment, firms are likely to raise wages to keep attracting workers.

Explanation:

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