Inflation
A) hurts society by imposing additional opportunity costs
B) is generally harmful,but has the benefit of reducing opportunity costs
C) makes it easier for us to comparison shop
D) benefits society by causing people to make use of resources that would have otherwise gone to waste
E) benefits society because by making people better consumers,they start to buy only those consumer goods they really need

Question

Quizplus · Accepted Answer

Inflation hurts society by imposing additional opportunity costs since it decreases the value of money and leads to higher prices for goods and services. This means that people must spend more money to purchase the same goods and services, leaving them with less money to invest in other areas.