Inflation Is Problematic If

question 38

Multiple Choice

Inflation is problematic if

• A)it is less than the percentage increase in nominal income.
• B)it is less than the nominal return on saving.
• C)it equals the growth rate of real GDP in the long run.
• D)it distorts relative prices,causing a misallocation of resources.

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Definitions:

Derived Class

A class that inherits attributes and methods from a base class, also known as a subclass.

Base Classes

In object-oriented programming, classes that act as a foundation from which other classes (derived or child classes) can be created through inheritance.