At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Inflation is undesirable because it: Multiple Choice always makes the nation poorer. redistributes income from those who can raise prices to those who cannot. distorts the information value of prices. makes everyone worse off.

Sagot :

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

What is inflation?

  • 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:

https://brainly.com/question/15692461

#SPJ4