A rising inflation rate tends to help the following types of people:
A) retirees and students with savings accounts.
B) borrowers and homeowners without mortgages.
C) homeowners with mortgages and students with loans.
D) landowners and borrowers.
C
You might also like to view...
Which of the following countries has gone so far as to adopt the U.S. dollar as its domestic currency?
A. Panama B. Ecuador C. Zimbabwe D. All of the above
Identify the correct statement with respect to consumption and saving function
a. Both the consumption function and the saving function have negative slopes. b. As disposable income declines, consumption and saving increase. c. The consumption function has a negative slope while the saving function has a positive slope. d. As disposable income rises, consumption and saving increases. e. The consumption function has a positive slope while the saving function has a negative slope.
The Dow Jones Industrial Average has been computed regularly since
a. 1976. b. 1948. c. 1913. d. 1896.
The incidence of cigarette taxes falls mainly on
A. smokers. B. retail sellers of cigarettes. C. cigarette producers. D. people who are no longer exposed to second-hand smoke.