[Answered] Which statements describe how even low levels of inflation may negatively affect real output? Multiple select question. Businesses incur the

Which statements describe how even low levels of inflation may negatively affect real output? Multiple select question. Businesses incur the costs of changing prices to reflect inflation. People hold more cash and have to spend less time going to the bank or online to transfer money. Households and businesses spend time and effort distinguishing between real and nominal wages and interest rates. Businesses see even mild inflation as a threat and slow or stop production.

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