Inflation is a very minor problem for lenders because it is relatively easy to estimate future rates of inflation
a. True
b. False
Indicate whether the statement is true or false
False
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A fall in supply is illustrated by
a. a downward shift in the supply curve. b. moving the equilibrium point down and to the left along the supply curve. c. drawing the supply curve flatter. d. shifting the supply curve to the left.
Using a graph above, show the short-run and long-run effects of an expansionary monetary policy
What will be an ideal response?
Which statement is true?
A. The United States' economic system leads to an equitable distribution of income. B. One of the basic functions of the United States' government is to transfer some income from the rich and the middle class to the poor. C. The price mechanism and the definition of economics are incompatible. D. None of the statements are true.
A change in the productivity of inputs used to produce a good affects supply because Question 12 options:
A. what is considered to be a substitute or complement in production changes. B. quality of the product changes and so consumers change their demand for the good. C. the number of sellers changes. D. it increases the number of sellers. E. the costs of production change.