In a period of rapid, unexpected inflation, resources can be lost
A) when firms invest in research and development instead of forecasting inflation.
B) when firms use resources to forecast inflation.
C) because rapid inflation almost always turns into a hyperinflation.
D) Both answers B and C are correct.
B
Economics
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A regional trade agreement involves:
a. Most, if not all, the nations in the world. b. several nations, usually trading partners, with a common agenda or geographically linked. c. nations that agree to trade only with nations in their region. d. a region of the world with not only trade issues but also political cohesiveness.
Economics
A price cap regulation ________
A) is illegal B) is a price floor C) is a price ceiling D) encourages a firm to operate inefficiently
Economics