Which of the Following Is True About Inflation

question 61

Multiple Choice

Which of the following is true about inflation?

• A)Inflation promotes social harmony by uniting people against the government.
• B)Inflation is more damaging if it is anticipated than if it is not anticipated.
• C)Accurate anticipation of inflation is possible for everyone who is well informed about economic events.
• D)Those who have loaned money at an interest rate below the rate of inflation suffer economic losses.
• E)If people anticipate inflation,their actions will prevent the inflation.

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Definitions:

Bankruptcy Trustee

A person appointed by the bankruptcy court to administer the debtor’s estate in the interests of both the debtor and the creditors. The basic duty of the bankruptcy trustee is to collect and reduce to cash the estate property and to close up the estate as speedily as is compatible with the best interests of the parties.

Chapter 7

A provision of the Bankruptcy Code that provides for "liquidation," where a debtor's non-exempt assets are sold to pay creditors.

Micturition

The process of urination or voiding the bladder, controlled by the coordination of the central, autonomic, and somatic nervous systems.

Internal Sphincter

A circular muscle that helps control the expulsion of contents within an organ system, often found in the digestive and urinary systems.