Explain what is meant by the term in?ation tax

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Question: Explain what is meant by the term "in?ation tax". Use budget constraints and figures to support your answer. Assume we are in the simple economy where money grows at the rate 2, the population is constant, the young are endowed with y units of the consumption good, and the old are endowed with zero units of the consumption good

Reference no: EM133454381

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