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
Correct Answer:
Verified
Correct Answer:
Verified
Q30: Some countries have had high inflation for
Q31: For the Fed to fully eliminate the
Q32: Which costs of inflation could the government
Q33: An economist advising a central bank intending
Q34: If the public correctly perceives that the
Q36: If a central bank were required to
Q37: Demand for workers in some industry declines.These
Q38: An individual would suffer lower losses or
Q39: Which costs of inflation could the government
Q40: Zero inflation<br>A)might be dangerous because it could