In a period of rapid, unexpected inflation, resources can be lost
A. when firms invest in research and development instead of forecasting inflation.
B. when firms use resources to forecast inflation.
C. because rapid inflation almost always turns into a hyperinflation.
D. Both answers B and C are correct.
Answer:B
In a period of rapid, unexpected inflation, resources can be lost
A. when firms invest in research and development instead of forecasting inflation. B. when firms use resources to forecast inflation. C. because rapid inflation almost always turns into a hyperinflation. D. Both answers B and C are correct.