(03.09 mc)\nwhich of these events would be a result of inflation?\n○ a business reports a loss for a tax…

(03.09 mc)\nwhich of these events would be a result of inflation?\n○ a business reports a loss for a tax year.\n○ a ceo pays less in taxes than five years ago.\n○ a company scales back production.\n○ an economist advises expansionary policy.

(03.09 mc)\nwhich of these events would be a result of inflation?\n○ a business reports a loss for a tax year.\n○ a ceo pays less in taxes than five years ago.\n○ a company scales back production.\n○ an economist advises expansionary policy.

Answer

Answer:

C. A company scales back production.

Brief Explanations:

Inflation can lead to higher costs of production (e.g., raw - material prices, wages). To maintain profitability, a company may scale back production. A business reporting a loss may be due to many factors other than inflation. A CEO paying less in taxes than five years ago could be due to tax - law changes. An economist advising expansionary policy is a response to economic conditions, not a direct result of inflation.