Which of the following is least likely to be a direct consequence of a high rate of inflation()
A. Increased uncertainty about the long-term inflation rate.
B. Increased focus on the long term by business planners and other people.
C. A misallocation of resources within the economy.
参考答案:B
解析:
When an economy is experiencing a high rate of inflation, there is greater uncertainty about what the inflation rate will be in the long run. This increased uncertainty makes it difficult for businesses to undertake long-term planning and causes a short-term focus. Investment will decline and the economy’s growth rate will slow. The increased uncertainty will also result in a misallocation of resources because people will spend time and resources finding ways to avoid the adverse impact of high inflation which will decrease other productive activity.