Economists agree that
A)neither high inflation nor moderate inflation is very costly.
B)both high and moderate inflation are quite costly.
C)high inflation is costly, but they disagree about the costs of moderate inflation.
D)moderate inflation is as costly as high inflation.

Question

Quizplus · Accepted Answer

Economists generally agree that high inflation is costly due to its negative effects on the economy, such as eroding purchasing power and creating uncertainty. However, there is less consensus on the costs of moderate inflation, with some economists arguing it can be beneficial or manageable.

Economists Agree That