If inflation turns out to be higher than was anticipated,
A) debtors are helped.
B) debtors are hurt.
C) debtors are neither helped nor hurt.
D) the effect on debtors cannot be predicted.
A
You might also like to view...
If MPL = 3, and MRTS = -4 what is MPK?
A) 12 B) -12 C) 3/4 D) -3/4
The ______ believed that our economy was self-regulating and argued against government interference with its operations.
A. classical economists B. supply-side economists C. Keynesians D. economic behaviorists
If the price of gasoline has increased from $2 per gallon to $4 per gallon at the same time that the overall price index increased from 200 to 450, then you know that the inflation adjusted price of gasoline has
A. decreased. B. remained constant. C. increased.
What is the difference between the short run and the long run?
Please provide the best answer for the statement.