Economics · Macroeconomics
Which of the following is typically a consequence of high inflation in an economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The balance of trade may become unfavorable due to expensive exports✓
- 2Economic inequalities in society decrease
- 3Debtors/borrowers suffer losses
- 4Producers and entrepreneurs suffer losses
Correct answer
The balance of trade may become unfavorable due to expensive exports
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