The primary conclusion of using inflation accounting is that inflation
a. distorts the tax system, and results in slower economic growth.
b. reduces the national debt to its nominal value instead of its real value.
c. causes recessions, and increases the structural deficit.
d. distorts government budget accounting by exaggerating interest expense.
d
Economics
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Refer to the figure above. Which of the following combinations is attainable as well as efficient?
A) B B) C C) D D) E
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Training policies adapt the demand for labor to the supply of labor
Indicate whether the statement is true or false
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In perfect competition, marginal revenue always equals
A. total revenue. B. price. C. average cost. D. marginal fixed cost.
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If wages are above the MRP, a firm should employ more labor.
Answer the following statement true (T) or false (F)
Economics