The Real Costs of Inflation to Society Include

question 82

Multiple Choice

The real costs of inflation to society include:

• A)an increase in the general level of prices.
• B)lost purchasing power of income.
• C)higher relative prices.
• D)interference with long-term planning.

---

Definitions:

Core Root

The fundamental, underlying basis or main source of a problem, issue, or situation.

Asking Why

A critical thinking approach focused on exploring fundamental causes and motivations behind concepts, processes, or problems.

Increase Observation

Enhancing the act or process of closely monitoring or noticing something with careful attention.

Personal Routines

The habitual practices and activities that an individual performs regularly in their personal life.