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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?
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Why is a little bit of inflation considered good?
Why is a little bit of inflation considered good?
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