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(03.09 LC)
Which of the following is the most immediate impact of rising inflation?
O Decreasing trade
O Higher prices
O Increased money supply
O Less hiring
D

Sagot :

GinnyAnswer

Final answer:

Rising inflation leads to higher prices, impacting trade balances.


Explanation:

Rising inflation has the most immediate impact of higher prices. As the U.S. money supply increases, prices of goods and services rise due to more money chasing the same amount of goods, resulting in inflation. This leads to domestic goods becoming relatively more expensive compared to foreign goods, impacting trade balances.


Learn more about Inflation impact here:

https://brainly.com/question/33745417


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