Author Question: According to the text, the most serious cost of continued inflation in a democratic society is A) ... (Read 85 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
According to the text, the most serious cost of continued inflation in a democratic society is
 
  A) its tendency to undermine social consensus and feed political conflict.
  B) the eventual recession that must inevitably occur as a result of the inflation.
  C) the open and disguised unemployment that accompanies it, especially among minorities and teenagers.
  D) the slowdown in the rate of economic growth that it causes.
  E) the steady rise in the cost of living that it entails.

Question 2

The efforts of individuals to protect themselves against losses as a result of inflation
 
  A) are irrational because one person's loss as a result of inflation is someone else's gain.
  B) can only succeed if everyone correctly anticipates the rate and timing of inflation.
  C) cannot succeed because no private citizen has the ability to stop inflation.
  D) use up valuable resources that could have been employed in other ways.



bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

For a complete list of videos, visit our video library