The inflation tax
a. is an alternative to income taxes and government borrowing.
b. taxes most those who hold the most money.
c. is the revenue created when the government prints money.
d. All of the above are correct.
d
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A situation in which a country does not trade with other countries is called
A) self-actualization. B) autonomy. C) independence. D) autarky.
A U-shaped long-run average cost curve implies that a firm experiences economies of scale at low levels of production and diseconomies of scale at high levels of production
Indicate whether the statement is true or false
An increase in the expected future domestic exchange rate causes the demand for domestic assets to shift to the ________ and the domestic currency to ________, everything else held constant
A) right; appreciate B) right; depreciate C) left; appreciate D) left; depreciate
The inflation experienced in the United States during the late 1960s as a result of the spending on the Vietnam War is an example of: a. hyperinflation
b. demand-pull inflation. c. disinflation. d. cost-push inflation. e. cyclical inflation.