Inflation presents risk because:
A. there is no certainty regarding what inflation will be in the future.
B. there are different ways to measure it.
C. inflation is always present.
D. inflation cannot be measured
Answer: A
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Refer to the scenario above. If both the firms are optimizing, which of the following statements is true?
A) Firm B will produce more than Firm A. B) Firm A will produce more than Firm B. C) Both firms will produce the same quantity. D) The quantity produced by both firms will depend on the demand for pens and not the marginal costs.
A decrease in the marginal income tax rate is a fiscal policy which will increase aggregate demand
Indicate whether the statement is true or false
The aggregate demand for home input can be written as a function of: I. Real exchange rate. II. Government spending. III. Disposable income
A) I only B) III only C) I and III D) II and III E) I, II, and III
When Johanna cut prices in her jewelry store by 20 percent, the dollar value of her sales fell by 20 percent. This indicates that
a. demand was elastic. b. demand was inelastic. c. demand was unit elastic. d. the demand curve was vertical.