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Would dean benefit from high inflation or low inflation

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Reference no: EM131553953

If a consumer buys flour because he loves baking, the flour is counted as part of GDP. If a bakery buys flour as an input to bake things in order to sell, the flour is not counted as part of GDP. Briefly explain this difference.

Also, Dean has a substantial amount of money saved up. Would Dean benefit from high inflation or low inflation? Explain your answer.

Reference no: EM131553953

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