Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Which of the following is a potential benefit of inflation?
Which of the following is a potential benefit of inflation?
- It helps businesses grow (correct)
- It makes it harder to pay back loans
- It causes businesses to shrink
- It encourages people to save money
What can happen when prices rise too quickly?
What can happen when prices rise too quickly?
- It becomes easier to plan for the future
- People become more confident in their money
- The economy becomes more stable
- People lose confidence in their money (correct)
Who is responsible for controlling inflation?
Who is responsible for controlling inflation?
- Individuals
- Consumers
- The government or central banks (correct)
- Businesses
What can the government or central banks do to control inflation?
What can the government or central banks do to control inflation?
Signup and view all the answers
Why is a little bit of inflation considered good?
Why is a little bit of inflation considered good?
Signup and view all the answers
Flashcards are hidden until you start studying
