Based on the redistributive income effects, who "gains" when there is inflation?
What will be an ideal response?
1) Colonial First Bank who only gives loans whose interest rate increases when inflation increases
2) Kenzie who has a salary that increases at twice the rate of inflation
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In 2008, the Bank of England increased the country's money supply and lowered its interest rate. This policy was designed to
A) encourage people to buy more goods and services. B) shift the aggregate demand curve rightward. C) cause a movement up along the aggregate demand curve. D) Both A and B are correct.
What are the major factors that a TNC should weigh in deciding to invest in a developing country?
What will be an ideal response?
Who had served as a de facto lender of last resort during the 1907 panic?
A) The U.S. Treasury B) J. P. Morgan C) Henry Ford D) John D. Rockefeller
Capital gains are
A. treated exactly like other sources of income. B. taxed differently than other sources of income. C. generally not associated with a "lock-in effect." D. only realized at death.