What Do Economists Think About High and Moderate Inflation

question 47

Multiple Choice

What do economists think about high and moderate inflation?

• A) They agree that neither high inflation nor moderate inflation is very costly.
• B) They agree that both high and moderate inflation are quite costly
• C) They agree that high inflation is costly, but they disagree about the costs of moderate inflation.
• D) They agree that moderate inflation is as costly as high inflation, but they disagree about how to measure those costs.

---

Definitions:

Financial Reporting

Drafting statements that lay out the wealth status of a corporation for its managers, shareholders, and government overseers.

Heavily Regulated

Refers to industries or sectors that are subject to extensive government rules, regulations, and oversight.

Accounting Information

Data produced by accounting processes which include summaries of financial transactions and statements reflecting the financial status of an organization.

International Competitiveness

A measure of a country's ability to compete in the global market, based on factors like quality, price, and innovation.