Which of the Following Is Not a Cost of Inflation

question 35

Multiple Choice

Which of the following is not a cost of inflation identified by economists?

• A)menu costs associated with more frequent adjustment of prices
• B)confusion and inconvenience resulting from a changing value of the unit of account
• C)reduced price flexibility
• D)arbitrary redistributions of wealth associated with dollar-denominated debts

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Definitions:

Work Redesign

The process of altering jobs and work processes with the aim of improving organizational performance and employee satisfaction.

Competency Models

Frameworks that define the skill and knowledge requirements for specific jobs or roles within an organization.

Talent Management

The strategic approach to attracting, retaining, and developing skilled individuals to meet organizational needs.

Occupation

A person's job or profession, often characterized by a set of specialized skills, knowledge, and training.