The Cost of Inflation to Society Includes I

question 395

Multiple Choice

The cost of inflation to society includes I. The opportunity costs of resources used by people to protect themselves against inflation
II) The costs associated with recalculating prices

• A) I only
• B) II only
• C) Both I and II
• D) Neither I nor II

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Definitions:

Discontinuities

Breaks or disruptions in a normally continuous process or sequence, leading to sudden changes rather than gradual developments.

Nature

The collective term for the physical aspects of the earth, including flora, fauna, geographical features, and natural occurrences, distinct from human-made elements or inventions.

Passive

Accepting or allowing what happens or what others do, without active response or resistance.

Continuous

Without interruption or end; occurring over a period of time without breaks.