The overwhelming unpopularity of inflation among citizens is largely a result of the fact that
A) inflation raises the real cost of such basic necessities as food, housing, and clothing.
B) inflation reduces the value of real wealth.
C) no one knows what causes it.
D) no one (or almost no one) gains from inflation.
E) people who gain from inflation often erroneously conclude that they are losing as a result of it.
E
You might also like to view...
The nation listed below whose economy currently comes closest to a free market is
a. North Korea. b. Germany. c. People's Republic of China. d. Cuba.
A movement from one point to another along the production possibilities curve would imply that:
A. The labor force available to society has grown B. Productivity has increased over time C. Productivity has declined over time D. Society is producing a different combination of outputs