Multiple Choice
Inflation:
A) can obscure relative price changes.
B) redistributes income from those who can raise prices to those who cannot.
C) can undermine faith in the monetary system, the economy, and the government if it is high enough.
D) makes society poorer on average.
Correct Answer:

Verified
Correct Answer:
Verified
Q105: A reason that the quantity theory of
Q106: If there is inflation the:<br>A)unit of account
Q107: Given the basic rule of thumb for
Q108: The usefulness of standard goods market price
Q109: If expectations of inflation are greater than
Q111: If the economy is at point A
Q112: Describe three different ways that people form
Q113: The long-run Phillips curve is:<br>A)downward-sloping, implying a
Q114: The slope of the long-run Phillips curve
Q115: Inflation has both benefits and costs.