One Effect of Inflation Is That It Is a Tax

question 90

Multiple Choice

One effect of inflation is that it is a tax that redistributes goods and services from

• A)businesses to households.
• B)government to businesses.
• C)households and businesses to the government.
• D)government to households.
• E)investors to savers.

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Definitions:

Liability

Legal responsibility or obligation for actions or debts.

Raccoon

A medium-sized mammal native to North America known for its distinctive masked face and adaptability to various environments.

Intervening Events

Events that occur between the initial act and the final outcome that may affect the outcome or legal responsibilities.

Defendant's Negligent

Refers to a situation where a defendant in a legal case failed to exercise a reasonable standard of care, leading to harm or damage.