Ongoing Inflation Has Its Own Momentum Because

question 131

Multiple Choice

Ongoing inflation has its own momentum because

• A) prices rise whenever firms see other prices rising
• B) the public learns to expect inflation and adjusts its decisions in response
• C) public officials are unwilling to stop prosperity
• D) more and more people now have jobs
• E) we are always playing catch up,trying to get what we lost when others raise prices

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Definitions:

Charitable Giving

The act of donating money, goods, services, and time to support non-profit organizations and causes, often motivated by altruism and social responsibility.

Volunteering

Offering services or contributing time to an organization or cause without receiving financial compensation.

Fairness

In economics and social policy, fairness relates to equitable treatment and distribution of resources and opportunities among individuals and groups, often debated in the context of income distribution and access to services.

Price Increases

A rise in the cost of goods or services over a period, often due to factors like inflation, increased costs of production, or supply and demand shifts.