Which of the following organisations might benefit from a period of high price inflation?
A、An organisation which has a large number of long-term payables
B、An exporter of goods to a country with relatively low inflation C
A、large retailer with a high level of inventory on display and low rate of inventory turnover
A、An organisation which has a large number of long-term payables
B、An exporter of goods to a country with relatively low inflation C
A、large retailer with a high level of inventory on display and low rate of inventory turnover
【参考答案及解析】
Rationale: Debts lose 'real' value with inflation: a company that owes a lot of money would effectively pay less (in real terms) over time. The other organisations would suffer because: inflation would make exports relatively expensive and importsrelatively cheap； business might be lost due to price rises； and the cost of implementing price changes would be high.Rationale: The four main objectives of macroeconomic policy relate to economic growth, stable (not zero) inflation, unemployment and the balance of payments (balance between exports and imports).
Rationale: Debts lose 'real' value with inflation: a company that owes a lot of money would effectively pay less (in real terms) over time. The other organisations would suffer because: inflation would make exports relatively expensive and importsrelatively cheap； business might be lost due to price rises； and the cost of implementing price changes would be high.Rationale: The four main objectives of macroeconomic policy relate to economic growth, stable (not zero) inflation, unemployment and the balance of payments (balance between exports and imports).