Unit-Of-Account Costs Arise When Inflation Makes It Necessary to Change

question 164

True/False

Unit-of-account costs arise when inflation makes it necessary to change listed prices very often.

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Definitions:

Cultural Outlook

The perspective and attitude towards different cultures and the ways in which cultural understanding influences an individual's views and behaviors.

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Personal Goals

Are the objectives or ambitions that an individual aims to achieve, which can be short-term or long-term.

External Attribution

An explanation for behavior focusing on the surrounding situation.