Unanticipated Inflation Creates Problems for Society Because

question 1

Multiple Choice

Unanticipated inflation creates problems for society because

• A)it increases the wealth of people who hold cash
• B)it promotes social cooperation by encouraging self-restraint
• C)it reduces the desire to plan and reduces the complexity of planning
• D)it redistributes wealth and income
• E)it requires buyers to spend less time acquiring information about prices

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Definitions:

Entrepreneurship

The act of starting, developing, and managing a business venture along with its risks in order to make a profit and innovate.

Launch

The initiation or start of a project, product, or service.

Economic Independence

The state of having sufficient personal wealth to live, without having to work actively for basic necessities.

Entrepreneurship

The activity of setting up a business or businesses, taking on financial risks in the hope of profit.