Inflation is harmful to society because it often
A) causes consumers' purchasing power to decline
B) causes sellers' costs to increase
C) causes nominal wages to fall
D) causes purchasing power to be redistributed in haphazard ways
E) has no effect at all on anyone's purchasing power

Question

Quizplus · Accepted Answer

The Answer of Inflation is harmful to society because it often
A) causes consumers' purchasing power to decline
B) causes sellers' costs to increase
C) causes nominal wages to fall
D) causes purchasing power to be redistributed in haphazard ways
E) has no effect at all on anyone's purchasing power

Inflation Is Harmful to Society Because It Often