Inflation Is Undesirable Because It

question 79

Multiple Choice

Inflation is undesirable because it:

• A)always makes the nation poorer.
• B)redistributes income from those who can raise prices to those who cannot.
• C)distorts the information value of prices.
• D)makes everyone worse off.

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Definitions:

Decimal Places

Positions to the right of a decimal point in a number, indicating fractions of a whole.

Exponential Equation

An equation in which the variable appears in an exponent.

Equation

A mathematical statement that asserts the equality of two expressions, usually formulated as \(a = b\).

Exponential Equation

An equation in which the variable appears as an exponent.