Solved: How are people worse off when the price level rises, Macroeconomics

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How are people worse off when the price level rises

Question:

How are people worse off when the price level rises as fast as their incomes? How, if possible, could demand-pull inflation occur before an economy was producing at full capacity?

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Macroeconomics: How are people worse off when the price level rises

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Macroeconomics: How are people worse off when the price level rises

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