One Benefit of Low Inflation Is That It _____ the Variability

question 80

Short Answer

One benefit of low inflation is that it _____ the variability of relative price changes. Therefore, resources are _____ likely to be better allocated.

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Definitions:

Downward Social Comparisons

The act of comparing oneself to others who are perceived as worse off in order to feel better about one's own situation.

Self-Handicapping

The behavior of creating obstacles or excuses for oneself to avoid blame in case of failure or poor performance.

Social Conformity

the act of altering one's behavior or beliefs to match those of others within a group.

Classic Literature

Timeless works of literature that are recognized as having outstanding or enduring qualities.