Middlemen:
a. increase transaction costs.
b. increase the price of goods, services and resources without providing any benefits.
c. impede trade and hinder economic growth.
d. reduce transaction costs.
d. reduce transaction costs.
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With the policy rate set at zero, the rise in expected inflation will lead to a ________ in the real interest rate, which will cause investment spending and aggregate output to ________
A) fall; rise B) fall; fall C) rise; rise D) rise; fall
An increase in the price of a particular bond implies an increase in the interest rate for that bond.
Answer the following statement true (T) or false (F)
Demand-side changes explain everything about stagflation
a. True b. False Indicate whether the statement is true or false
If demand is elastic, a price reduction will lead to an increase in total revenue.
Answer the following statement true (T) or false (F)