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Correct it gives the government too much control over

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Correct!it gives the government too much control over the value of moneyCorrect! Hazlitt writes, "True, inflation may sometimes correct [themaladjustments that caused a depression]; but it is a heady anddangerous method. It makes its corrections not openly andhonestly but by the use of illusion. It is like getting people up anhour earlier only by making them believe that it is eight o'clockwhen it is really seven."10 / 10 ptsQuestion 9Hazlitt writes that inflation "is a tax not only on every individual'sexpenditures" but also on every individual's __________________.savings account and life insuranceCorrect!Correct!
stock and bondswage and salaryhouse and automobile
10/14/20209.10.T - Lesson: Inflation, Parts 1 & 2 Review: Economics | Mrs. Merriam | 2020-21 | TRCorrect! Hazlitt writes, "[Inflation] is a tax not only on everyindividual's expenditures, but on his savings account and lifeinsurance. It is, in fact, a flat capital levy, without exemptions, inwhich the poor man pays as high a percentage as the rich man."
8/8helping consumers at the expense of producersencouraging a reduction of the money supplyfocusing on production instead of wagesCorrect! Just because someone has more money doesn'tnecessarily mean they have more wealth.Quiz Score:100out of 100
10 / 10 ptsQuestion 10Hazlitt writes, "The most obvious . . . error on which the appeal of inflationrests" is _________________.Correct!Correct!
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