In Periods of High Inflation

question 35

Multiple Choice

In periods of high inflation,

• A) people want to hold on to as much money as possible.
• B) the purchasing power of money is decreasing.
• C) nobody wants to work and earn income.
• D) low nominal interest rates are likely to result.

---

Definitions:

Medical Attention

Professional care provided by a healthcare provider to treat illness or injury, often requiring expertise.

Swimmer's Rash

An itchy rash that occurs after swimming in natural waters, often caused by an allergic reaction to parasites that infect birds and mammals.

Hair Follicles

The skin organ that produces hair, containing living cells at its base which grow and form hair shafts.

Shaving

The act of removing hair from the skin with a razor or other cutting device.