Which of the following is not generally a cost posed by inflation?
A) Inflation reduces the affordability of goods and services for the average consumer.
B) Consumers and firms lose purchasing power to the extent that money loses value.
C) Firms must pay for changing prices on products and printing new catalogues.
D) Banks can lose if they under-predict inflation and charge an interest rate that does not completely compensate for inflation.
Correct Answer:
Verified
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