Money Is Still Useful During Times of Inflation Because

question 300

Multiple Choice

Money is still useful during times of inflation because

• A) it still retains the characteristic of predictability of value.
• B) more money can be made so people can still purchase the goods and services they want.
• C) it is not a liquid asset.
• D) its opportunity cost falls as inflation rises.

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Definitions:

Feudal Order

A social and economic system prevailing in medieval Europe, characterized by a hierarchy of lords, vassals, and serfs, structured around the control of land.

1880s

A decade during the late 19th century noted for its significant industrial, cultural, and social changes worldwide.

Economic Inequality

The unequal distribution of income and wealth among individuals or groups within a society, often leading to social and economic disparities.

Sherman Antitrust Act

A landmark 1890 U.S. law aimed at promoting economic competition by prohibiting monopolies, trusts, and other forms of business that restrict trade.