Inflation is an economic problem because it
A) leads inevitably to unemployment.
B) makes prices less useful as signals for resource allocation.
C) leads to recession.
D) results in rapid increases in the money supply.
B
Economics
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A ___________is a government payment to an individual, business, or other group to encourage or protect a certain type of economic activity.
Fill in the blank(s) with the appropriate word(s).
Economics
Why did the government use expansionary monetary policies in the late 1970s, and what was the principal negative macroeconomic effect of these policies?
What will be an ideal response?
Economics