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9 Jan 2019

Is the transformation of the value of labor-power into the value of labor real, or does it take place only in the minds of those who sell and buy labor-power?

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Reid Wolff
Reid WolffLv2
10 Jan 2019

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For individuals who are holding money or fixed dollar value assets, what is the effect of inflation?

a. It improves their ability to purchase goods and services with those dollars.

b. It increases the purchasing power of those dollars.

c. It does not change the purchasing power of those dollars.

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The demand for a good or service is determined by

a) both those who buy and those who sell the good or service.

b) those who sell the good or service.

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c. Output per worker in each firm increases.

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