Multiple Choice
Why are economists concerned about inflation?
A) Inflation generally causes unemployment rates to rise.
B) Real GDP is necessarily falling when there is inflation.
C) Inflation lowers the standard of living for people whose income does not increase as fast as the price level.
D) Inflation increases the value of people's savings and encourages overspending on goods and services.
Correct Answer:
Verified
Correct Answer:
Verified
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