Which of the following about inflation is true? (1) Unanticipated inflation is a change in the price level that is widely expected. (2) Decision makers are generally able to anticipate slow steady rates of inflation with a fairly high degree of accuracy. (3) Anticipated inflation is an increase in the price level that comes as a surprise, at least to most individuals. (4) Inflation will increase the prices of goods and services that households purchase but not the wage rates of workers.

Let's analyze each statement about inflation to determine which one is true: 1. **Unanticipated inflation is a change in the price level that is widely expected.** - This statement is false. Unanticipated inflation refers to inflation that is not expected by consumers and businesses. If it were widely expected, it would be considered anticipated inflation. 2. **Decision makers are generally able to anticipate slow steady rates of inflation with a fairly high degree of accuracy.** - This statement is generally true. Economists and decision-makers can often predict slow and steady inflation rates based on historical data and economic indicators. 3. **Anticipated inflation is an increase in the price level that comes as a surprise, at least to most individuals.** - This statement is false. Anticipated inflation is expected by individuals and businesses, meaning they are not surprised by it. 4. **Inflation will increase the prices of goods and services that households purchase but not the wage rates of workers.** - This statement is misleading. While inflation does increase the prices of goods and services, it can also lead to increases in wage rates, although the timing and extent can vary. Based on this analysis, the true statement is: **(2) Decision makers are generally able to anticipate slow steady rates of inflation with a fairly high degree of accuracy.**