There are no costs associated with inflation if the inflation rate is unanticipated.
Answer the following statement true (T) or false (F)
True
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A supply curve shows the marginal
A) benefit consumers receive from consuming a good. B) profit businesses earn from selling a good. C) cost of producing the good. D) price paid for a good. E) benefit sellers receive from selling a good.
Which of the following is NOT a type of integration?
A. Mega mergers B. Vertical mergers C. Conglomerate merger D. Horizontal mergers
According to the policy irrelevance proposition, real Gross Domestic Product (GDP) is determined by
A. a combination of fiscal policy and monetary policy. B. the rate of inflation only. C. the economy's long-run aggregate supply curve. D. the economy's aggregate demand curve.
A Gini coefficient of one means that
A. all the income is received by the top 20% of families. B. one family has all the income and everyone else has nothing. C. income is distributed equally. D. the income is split equally between the top 20% and the rest of the distribution.