High rates of inflation often characterize
A) depressions.
B) times of great unemployment.
C) wartime.
D) periods of falling aggregate demand.
E) rural areas.

Question

Quizplus · Accepted Answer

High rates of inflation are often associated with wartime, as governments may resort to printing more money to finance the war effort, leading to an increase in the money supply and a decrease in the value of the currency. This can result in rising prices and inflation.

High Rates of Inflation Often Characterize