Real income is redistributed from ________ in the case of ________ deflation
A) creditors to debtors, anticipated
B) creditors to debtors, unanticipated
C) debtors to creditors, anticipated
D) debtors to creditors, unanticipated
D
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The short-run effect of an increase in the money supply is to
A) increase real GDP only. B) increase the price level only. C) increase both real GDP and the price level. D) increase nominal GDP but decrease the price level.
Which of the following results from providers having more information about treatment alternatives than their patients?
a. Principle-agent problem. b. Rational ignorance. c. Externalities. d. Adverse selection. e. The substitution effect.
Which of the following occurs when an employer refuses to hire a qualified individual due to the job applicant’s race, gender, or religion?
a. Discrimination b. Cognitive bias c. Affirmative action d. Racial profiling
At the broadest level, the financial system moves the economy's scarce resources from
a. the rich to the poor. b. financial institutions to business firms and government. c. households to financial institutions. d. savers to borrowers.