Lenny D. answered • 07/16/19
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How does inflation impact the welfare of the economy?
When the government causes inflation through printing money, the individuals who saved their money in the bank are poorer. Is there a way to determine how different inflation rates impact the welfare of the economy? I tried answering this question myself using the production function, and, though I was able to come up with some conjectures, I was unable to come to a definite conclusion.
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