Problem
The text discussed the problems and distortions posed by inflation. In the late 1990s, the possibility of deflation has loomed large; some countries have actually seen falling prices. Describe the distortions and inequity associated with an unindexed tax system in the presence of deflation.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.