Answered

The impact of inflation will differ considerably according to whether:

A. it occurs at a rate of 2% per year or at a rate of 3% per year
B. the people in the economy care that much about price levels
C. it is creeping up slowly or racing toward hyperinflation
D. none of the above



Answer :

GinnyAnswer

Final answer:

Inflation impact varies by rate; Hyperinflation is detrimental, while 2-4% inflation is manageable.


Explanation:

The impact of inflation varies significantly based on the rate at which it occurs. For example, hyperinflation at 40% per month can severely damage an economy and society, while annual inflation rates of 2%, 3%, or 4% are far from a national crisis. Low inflation is preferable to deflation during recessions.


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