If inflation turns out to be higher than was anticipated,
A) debtors are helped.
B) debtors are hurt.
C) debtors are neither helped nor hurt.
D) The effect on debtors cannot be predicted.
A
You might also like to view...
A universal health insurance program, which lowers patient's out-of-pocket expenses, would tend to
A) reduce the number of patients seeking medical care. B) reduce the number of doctors offering medical care. C) increase the non-monetary costs of medical care, such as waiting longer in line. D) generate all of the above.
Following the 2007-2009 financial crisis, many people feared that Greece might leave the euro and resume using the drachma. If that happened, the drachma might be worth less than the euro
When using fiat money like the drachma, the key to acceptance is that households and firms have confidence that if they accept drachma in exchange for goods and services, the drachma will not lose much value during the time they hold them. If sellers were not willing to accept the drachma in exchange for goods and services, the drachma would not serve as A) a medium of exchange. B) fiat money. C) legal tender. D) a unit of account.
?Exhibit 10A-1 Aggregate demand and supply model
?Beginning from short-run equilibrium at point E2 in Exhibit 10A-1, the economy's movement to a new position of long-run equilibrium would best be described as:
A. ?a movement along the AD2 curve with a shift in the SRAS1 curve. B. ?a movement along the SRAS2 curve with a shift in the AD2 curve. C. ? a shift in the LRAS curve to an intersection at E1. D. ?no shift of any kind.
Describe some of the ways in which firms differentiate their products.
What will be an ideal response?