If the Consumer Price Index decreases, who will be harmed?
A. Savers
B. Creditors
C. Debtors
D. Savers and creditors
C. Debtors
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Who would benefit the most from getting rid of restrictions like patents to enter markets?
A. Producers B. Government C. Consumers D. All of the above would benefit equally
The growth accounting equation suggests that the growth rate of output is equal to the growth rate of ________
A) total factor productivity plus the contributions of both capital and labor B) total factor productivity minus the rate of depreciation C) capital and labor D) the overall population
When firms in a U.S. industry outsource some of their production,
A) both U.S. labor demand and U.S. wages in the industry fall B) U.S. labor demand falls, but U.S. wages are not affected. C) U.S. labor demand remains unchanged, but U.S. wages fall. D) U.S. labor demand falls, but U.S. wages increase.
What is the present value of $1,000 received 3 years from now if the interest rate is 6%?
What will be an ideal response?