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by Jack wears love COAT on March 21st, 2008

Jack wears love COAT

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As a country's economy grows, does the cost of living also go up?How and why?

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  • by royal77 says hello friend on March 21st, 2008

    royal77 says hello friend

    The country grows, the economy goes up and employee demand higher salaries combine with people raising the prices of their products, which initiate inflation. A small controlled inflation is not bad. When inflation starts to grow to rapidly, that's when purchasing power starts to suffer.

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