Those hurt by inflation include
a. labor unions with COLA clauses in their labor contracts
b. borrowers who are indebted to banks and other lending institutions
c. savers who hold checking and saving accounts in banks
d. producers of goods such as automobiles, computers, and food
e. owners of precious metals, antiques, and works of art
C
You might also like to view...
When the exchange rate between the U.S. dollar and the euro changes from 1.07 euros per dollar to 0.93 euros per dollar, then the
A) U.S. dollar has depreciated against the dollar. B) U.S. dollar has depreciated against the euro. C) euro has depreciated against the dollar. D) U.S. dollar has appreciated against the euro. E) euro has depreciated against the euro.
The unemployment rate is calculated as:
A) (number of unemployed) ÷ (number of employed + number of unemployed). B) (number of unemployed) ÷ (number of employed). C) (number of employed + number of unemployed) ÷ (labor force). D) (labor force) ÷ (number of unemployed).
Suppose that in 2015 you paid $150,000 for a house that was built in 2005 and sold that year for $210,000 . The amount this transaction would add to the GDP in 2015 is
a. $0. b. $60,000. c. $210,000. d. ?$60,000
Monetarists take the position that monetary policy:
A. Is limited by the crowding-out effect on investment B. Is enhanced by the crowding-out effect on investment C. Should be based on rules rather than discretion D. Should be based on discretion rather than rules