It is difficult to engage in long-term financial planning when inflation is:
A)high and erratic.
B)low and stable.
C)accounted for through indexing.
D)predictable.

Name: It is difficult to engage in long-term financial planning when inflation is: A)high and erratic. B)low and stable. C)accounted for through indexing. D)predictable.
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Question

Quizplus · Accepted Answer

The word "erratic" is important here. If inflation is erratic, parties to long-term contracts are uncertain about the worth of repaid dollars.

It Is Difficult to Engage in Long-Term Financial Planning When