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in what way is government debt like individual debt? group of answer choices much of government debt is owed to its own citizens. government never has to pay back its debt. inflation reduces the real value of both types of debt. government can pay its debt by printing money.



Answer :

Inflation reduces the real value of both types of debt is  government debt like individual debt.

Hence, Option C is correct.

What do you mean by inflation?

  • In the field of economics, inflation refers to an increase in the overall cost of goods and services in a country. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
  • Prices for goods and services are always subject to change in a market economy.
  • Some prices increase while others decrease. When prices of products and services grow broadly rather than just for a few specific items, it is said to be inflation. This means that today, for the same amount of money, you can buy less than you could yesterday.

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