All of the following are detrimental macro consequences of inflation except
A. Speculation.
B. COLAs.
C. Bracket creep.
D. Uncertainty.
Answer: B
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Government spending and taxation determine the position of the ________ curve and, where that curve intersects the vertical line at YN, the ________ target of monetary policy
A) IS, inflation rate B) IS, real interest rate C) LM, inflation rate D) LM, real interest rate
If there is an increase in the price level in the classical model,
a. the equilibrium level of output will remain unchanged. b. real wages remain constant. c. money wages will rise proportionally. d. all of the above.
Which of the following is a determinant of consumer demand?
A) expectation of the future relative price of a product B) taxes imposed on firms that sell the product C) cost of inputs used to produce the product D) number of firms that produce the product
The United Nations' goal of reducing the global rate of extreme poverty to 15 percent by 2015 is known as the
A. United Nations' Poverty Goal. B. World Poverty Goal. C. Global Poverty Goal. D. Millennium Poverty Goal.