Which of the following things can a government do to lower the costs of inflation?
a. sell inflation-indexed bonds and rewrite tax laws so that real rather than nominal gains are taxed
b. sell inflation-indexed bonds but not rewrite tax laws so that real rather than nominal gains are taxed
c. rewrite tax laws so that real rather than nominal gains are taxed, but not sell inflation-indexed bonds
d. neither sell inflation-indexed bonds nor rewrite tax laws so that real rather than nominal gains are taxed
a
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If Sanjaya can shuck more oysters in one hour than Tatiana, then Sanjaya has a comparative advantage in shucking oysters
Indicate whether the statement is true or false
How do economists measure the "openness" of an economy? Explain if the U.S. economy has become more or less "open" over the past 60 years?
What will be an ideal response?
Which of the following is one of the functions of rental prices?
A) to redistribute income from landlords to renters B) to redistribute income from renters to landlords C) to signal to the local government when taxes on rental units should be increased D) to ration the use of existing housing for current consumers
You are hired as a production analyst at Monopoly-R-Us and you estimate that, at current output, demand is inelastic and marginal cost is positive. You advise your superiors that they can increase profit by
a. raising price until demand becomes unit elastic b. raising price into the elastic range c. lowering price until demand becomes unit elastic d. lowering price into the elastic range e. reduce output without changing price