Anticipated inflation causes more problems in the economy than unanticipated inflation
a. True
b. False
Indicate whether the statement is true or false
False
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When an economy experiences deflation, investment will:
A. increase, because businesses will spend cash instead of borrowing it. B. increase, because businesses will take out loans that will increase in value. C. decrease, because businesses will spend cash instead of borrowing it. D. decrease, because businesses will not take out loans that will increase in value over time.
A rightward shift of the AD curve in the very flat part of the short-run AS curve will:
A. increase real output by more than the price level. B. increase the price level by more than real output. C. reduce real output by more than the price level. D. reduce the price level by more than real output.
If the average tax rate is less than the marginal tax rate, the tax would be
A. proportional. B. progressive. C. regressive. D. uniform.
A market with well-established rules and structure is a(n) ________ market.
A. formal B. informal C. specific D. general