Inflation robs an economy of true growth and __________ negatively impacts the confidence levels of consumers and business operators alike.

Question

Quizplus · Accepted Answer

Inflation does not have a physical impact on an economy, but rather a psychological one, as it erodes the purchasing power of a currency and can lead to uncertainty and instability among consumers and businesses. Demographics and geography are not directly related to the impact of inflation, and while inflation may cause stress, it is primarily a mental rather than a physical phenomenon.

Inflation Robs an Economy of True Growth and __________ Negatively