Economic growth is hindered if consumers and businesses do not have a good idea of the likely rate of inflation in the near future.

Question

Quizplus · Accepted Answer

If consumers and businesses do not have a good idea of the likely rate of inflation in the near future, they may be hesitant to spend or invest, which can slow down economic growth. This uncertainty can also lead to market volatility and decreased consumer confidence. Therefore, understanding and predicting inflation is important for promoting economic growth.

Economic Growth Is Hindered If Consumers and Businesses Do Not