Multiple Choice
When inflation causes relative-price variability,
A) consumer decisions are distorted and the ability of markets to efficiently allocate factors of production is impaired.
B) consumer decisions are distorted,but markets are still able to efficiently allocate factors of production.
C) consumer decisions are not distorted,but the ability of markets to efficiently allocate factors of production is impaired.
D) consumer decisions are not distorted and markets are still able to efficiently allocate factors of production.
Correct Answer:
Verified
Correct Answer:
Verified
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