Inflation Is an Economic Problem Because It

question 79

Multiple Choice

Inflation is an economic problem because it

• A)leads inevitably to unemployment.
• B)makes prices less useful as signals for resource allocation.
• C)leads to recession.
• D)results in rapid increases in the money supply.

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Definitions:

WTO

The World Trade Organization; an intergovernmental organization that regulates international trade.

Trade Barriers

are government-imposed restrictions on the free exchange of goods and services between countries, including tariffs, quotas, and regulations.

Protect Human

A principle or practice aimed at safeguarding individuals' rights, well-being, and dignity in various contexts, including employment and social interactions.

WTO Country

A country that is a member of the World Trade Organization, committing to follow the rules and agreements established by this global international organization.