Multiple Choice
Inflation is sometimes called the arbitrary tax because
A) we never know when inflation will occur.
B) the rate of inflation is very difficult for economists to predict.
C) the rate of inflation is set by the government.
D) inflation affects the prices of various commodities in unpredictable ways.
E) its rewards and penalties are meted out with little regard for society's values or goals.
Correct Answer:
Verified
Correct Answer:
Verified
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