A worrisome outcome of chronic inflation is that it tends to ________
A) erode confidence in a country's currency
B) give central banking officials excessive flexibility to manage monetary policy
C) increase the real income of people, thereby inflating their spending and borrowing levels
D) lower consumer demand for foreign goods, which triggers lower prices and eventually lower employment
A
Business
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Customers cause many service failures, and many firms find managing these more difficult than managing their own failures
Indicate whether the statement is true or false
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Discount stores typically fall into the ________ group with respect to margins and volume
A) mixed-markup, high-volume B) low-volume, mixed-markup C) low-volume, low-markup D) high-volume, low-markup E) high-markup, lower-volume
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