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.
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