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Ede4ka [16]
2 years ago
10

Inflation is undesirable because it: Multiple Choice always makes the nation poorer. redistributes income from those who can rai

se prices to those who cannot. distorts the information value of prices. makes everyone worse off.
Business
1 answer:
Firlakuza [10]2 years ago
8 0

Inflation is undesirable because it redistributes income from those who can raise prices to those who cannot.

<h3>What is inflation?</h3>
  • In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation.
  • Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
  • A general increase in prices over time diminishes customers' purchasing power because a constant quantity of money will eventually allow for less consumption.
  • Whether inflation is running at 2% or 4%, consumers still lose purchasing power; the higher inflation rate only doubles that loss.
  • Those interest rates that are fixed for the duration of the loan, won't fluctuate in line with inflation.

To learn more about Inflation refer to:

brainly.com/question/15692461

#SPJ4

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7 0
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7 0
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Use the table to indicate which description characterizes economies of scale and which characterizes economies of scope.
kenny6666 [7]

Answer and Explanation:

The economics of scope refers to the total cost production cost i.e to be averaged for the various type of goods

While on the other hand, the economics of scale refers to the benefit of the cost than occurs when there is a higher production level at a time

Based on this, the classification is as follows

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3 0
3 years ago
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allsm [11]

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Therefore the option b is correct

And, the rest of the options are wrong

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