chelsilconway3152 chelsilconway3152

20-12-2022
Business

Answered

During periods of high and variable inflation, which of the following is unlikely to occur?
a. Resources will be diverted from economically productive activities toward activities designed to protect individuals from inflation.
b. Individuals will find it difficult to know whether a price change is due to the general inflation or due to shifts in supply or demand in a given market.
c. Individuals will want to make long-term contracts in order to enjoy the benefits of higher prices.
d. Some resources will be wasted as suppliers have to reprint menus and price catalogues to reflect the new, higher prices.

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