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.
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.
举一反三
- Inflation is a problem when A: it is unpredictable. B: it causes the value of money to vary unpredictably. C: it causes resources to be diverted from productive uses. D: All of the above answers are correct.
- Scandinavian inflation is also called export inflation. A: 正确 B: 错误
- If the rate of inflation in the United States is 4% and the rate of<br/>inflation in the United Kingdom is 3%, relative purchasing power<br/>would predict that( ) A: the pound will appreciate relative to the dollar. B: the pound will depreciate relative to the dollar. C: both the dollar and the pound will depreciate due to inflation. D: both the dollar and the pound will appreciate due to inflation.
- In 2012,U.S.core inflation was 2.1 percent. This inflation rate A: is lower than the inflation rate the Fed accepts as creating stable prices. B: is about equal to the inflation rate the Fed accepts as creating stable prices. C: is more than 2 percentage points higher than the inflation rate the Fed accepts as creating stable prices. D: None of the above answers are correct because the Fed has never associated an inflation rate with stable prices.
- The average level of United States prices grew very little from 1953 until the mid-1960’s when ____________. A: did inflation begin B: inflation began C: the beginning of inflation D: did the beginning of inflation