Question

Explin effect of inflation on production and distribution

Answer 1

Answer:

Inflation may or may not result in an increase in production. Also, inflation has a positive impact on production as long as the economy does not reach full employment stage. Further, if the wages and production costs start rising rapidly, then it negatively impacts production activities....

Answer 2

Answer:

Answer: Inflation may or may not result in an increase in production. Also, inflation has a positive impact on production as long as the economy does not reach full employment stage. Further, if the wages and production costs start rising rapidly, then it negatively impacts production activities.