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Q: The best way for a society to deal with inflation is to?
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How can you lower the inflation rate?

Invest your money. Passbook savings accounts are not a good hedge against inflation. Buy something when the price is low, and hope for the best, or put your money into a money market account. In order to do that, you first have to accumulate money. For many people, the best way to start is with a savings account to which they make regular deposits. If you can deposit $50 every two weeks for a year, you will have sufficient funds to invest in a broad range of much better investment tools.


Which economic goal does a society consider when deciding the best way to distribute its wealth?

economic effiency


What economic goal does a society consider when deciding the best way to distribute its wealth?

There are various economic goals that a security will consider when deciding the best way to distribute its wealth. The main consideration is equality and ensuring that all parties get a fair share.


Does inflation rob you of your savings?

Yes and no. If your "savings" are not in a savings account, then technically yes. This is because your savings will slowly lose its purchasing power as inflation happens (emphasis on slowly, you will only "lose" 1-5% annually unless inflation spikes in a bad way). If your savings is in a savings account and is accruing interest, then no. This is because the interest will make up for the inflation.


Why production is the answer to inflation?

Due to inflation the money value goes up ,people have more demand but they don't have supply so as it leads to high price of commodity, its the picture of inflation. So avoid this the better way to produce more to set a link between demand and supply.

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ice or frozen peas is the best way. keep it on the spot for about en minutes


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