The Cost of Unanticipated Inflation Is Arbitrary Redistribution of Income

question 56

True/False

The cost of unanticipated inflation is arbitrary redistribution of income and wealth.

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue.

Heredity

The passing on of physical or mental characteristics genetically from one generation to another.

Neuroticism

A trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Extraversion

A personality trait characterized by outgoing, sociable, and energetic behavior.