If inflation is much higher than originally anticipated, ________ are made better off and ________ are made worse off
a. banks that had made fixed interest rate loans; people that had borrowed fixed interest rate loans.
b. people that had borrowed fixed interest rate loans; banks that had made fixed interest rate loans.
c. retired people living on a fixed income; people that had borrowed fixed interest rate loans.
d. people that had deposited their savings at fixed interest; banks that had taken deposits at fixed interest.
b
You might also like to view...
The ________ illustrates the relationship between the price level and the quantity of planned aggregate expenditure, holding constant all other factors that affect aggregate expenditure
A) savings line B) 45-degree line C) consumption function D) aggregate demand curve
A household survey is used to calculate
A) the unemployment rate. B) the level of payroll employment. C) both the unemployment rate and the level of payroll employment. D) neither the unemployment rate nor the level of payroll employment.
If an economy saves 20 percent of any increase in real Gross Domestic Product (GDP), then an increase in investment of $2 billion can produce an increase in real Gross Domestic Product (GDP) of as much as
A) $2 billion. B) $10 billion. C) $0.4 billion. D) $1.6 billion.
When gross private domestic investment exceeds depreciation, it can be concluded that:
A. the economy is exporting more than it imports. B. net investment is positive. C. the economy is importing more than it exports. D. net investment is negative.