Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

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

Sagot :

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.


Learn more about Inflation impact rates here:

https://brainly.com/question/31395327


Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.