High Inflation Rates

question 27

Multiple Choice

High inflation rates

• A)hurt all industries,but some more than others.
• B)hurt all industries equally.
• C)may actually help some industries.
• D)None of the above.

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Definitions:

Accounting Equation

Assets equal liabilities plus owners’ equity.

Net Income

The total profit (or loss) after all expenses, including taxes, have been deducted from revenue; also called net earnings.