How does inflation affect the efficiency


Problem

1. If prices rise by 10 per cent, by how much does the value of money fall?

2. How does inflation affect the efficiency with which money fulfils its functions?

3. Are the problems of inflation greater if the rate of inflation is variable?

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.

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Microeconomics: How does inflation affect the efficiency
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