What impact will high and variable rates of inflation have on the economy? check all that apply?

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Leanna Dougherty

Business

17 March, 09:43

What impact will high and variable rates of inflation have on the economy? check all that apply?

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Lorelai Benjamin · Answer 1

If there are high and variable rates of inflation, it's hard to predict the next year's rate of inflation. Due to having a high and variable rate of this can negativity impact the cost of living, money, businesses, government entities and more. High inflation rates are not good for the economy or individuals short-term or long-term.