Inflation Is Undesirable Because It

question 180

Multiple Choice

Inflation is undesirable because it

• A)arbitrarily redistributes real income and wealth.
• B)invariably leads to hyperinflation.
• C)usually is accompanied by declining real GDP.
• D)reduces everyone's standard of living.

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Definitions:

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A predefined strategy or set of guidelines devised to help an organization respond effectively to an emergency or sudden adverse event.

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The degree to which objectives are achieved and the extent to which targeted problems are solved.

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