Why is inflation undesirable?
A) It redistributes income and wealth in unpredictable and uneven ways.
B) It always leads to hyperinflation.
C) It reduces everyone's standard of living.
D) It always helps the rich at the expense of the poor.
Correct Answer:
Verified
Q85: Which of the following people is least
Q86: Which of the following statements is correct
Q87: What is the real rate of interest?
A)It
Q88: Why is deflation undesirable?
A)Because it causes a
Q89: If the rate of inflation is 7%
Q91: What is the output effect of inflation?
A)It
Q92: Assume that in 2016,prices increased by 2%
Q93: How can the percentage change in real
Q94: Which of the following is correct?
A)If nominal
Q95: What is deflation?
A)A fall in the price
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