A principal benefit of inflation is that it makes economic decisions easier.
Answer the following statement true (T) or false (F)
False
You might also like to view...
The incentive to collect information is undermined by the ________
A) opportunity cost of collecting information B) asymmetric character of information flows C) free rider problem D) Willamette effect
Checkable deposits are: a. included in both M1 and M2
b. included in M1 but not M2. c. included in M2 but not M1. d. not included in either M1 or M2.
Which of the following is true of wealth concentration in the U.S during 1989 to 2007?
A. Wealth rose 86% for the the median household, but the mean rose 60%. B. Wealth rose 60% for the the median household, but the mean rose 86%. C. Wealth decreased 20% for the median household, but the mean decreased by 15%. D. Wealth decreased 20% for the median household, but the mean increased by 15%.
Refer to the diagram in which T is tax revenues and G is government expenditures. All figures are in billions. The equilibrium level of GDP in this economy:
A. is $400.
B. is greater than $400.
C. is less than $400.
D. cannot be determined from the information given.