When inflation occurs,
A) everyone (or almost everyone) is made worse off.
B) only wealthy people can maintain their previous consumption levels.
C) the cost of living rises.
D) the prices of all goods rise in equal proportions.
E) the purchasing power of money declines.
E
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Early structural adjustment programs were least likely to include
a. social safety nets b. currency devaluations c. restrictions on money supply growth d. import liberalization e. most programs included all of these
If Toyota sells a $1000 bond in the United States, the bond is a
A) foreign bond. B) Eurobond. C) Tokyo bond. D) currency bond.
A fiscal policy action to close a recessionary gap is to:
A. decrease the marginal propensity to consume. B. increase transfer payments. C. decrease government purchases. D. increase taxes.
While not as relevant today, the trade theory that was useful in explaining the pattern of trade when the US dominated the global market is the ______ theory.
Fill in the blank(s) with the appropriate word(s).