Some Economists Feel Inflation Is Bad

question 53

Multiple Choice

Some economists feel inflation is bad

• A)because it reduces real GDP so much.
• B)only if it is persistent.
• C)because it redistributes income arbitrarily.
• D)only if it is anticipated.

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Definitions:

Affiliate

To officially attach or connect a person or organization to a larger body or group.

Psychoticism

A personality trait associated with being prone to psychoses, including schizophrenia, characterized by tendencies towards odd or eccentric behaviors.

Hans Eysenck

A psychologist known for his work on the theory of personality and intelligence, emphasizing genetic and environmental factors.

Egocentric

A perspective focused solely on one's own point of view and interests, often neglecting or struggling to understand others' viewpoints.