Multiple Choice
Which of the following is true?
A) Anticipated inflation is an increase in the price level that comes as a surprise, at least to most individuals.
B) Unanticipated inflation is a change in the price level that is widely expected.
C) When the inflation rate is high and variable, decision makers will generally be able to anticipate year-to-year changes in inflation quite accurately.
D) Inflation will tend to increase the nominal values of both prices and wages.
Correct Answer:
Verified
Correct Answer:
Verified
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