Popular criticism of determining who gets what by means of money prices increases in periods of inflation because
A) inflation hits poor people the hardest.
B) people mistakenly assume an increase in money prices makes them worse off.
C) the wealthy will eventually acquire everything if inflation continues long enough.
D) there is no one who benefits from rising prices.
B
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Recall the Application. As the world price of wool decreased, the quantity of wool supplied by individual ranchers would ________, and the quantity supplied in the whole market would ________
A) decrease; increase B) increase; decrease C) increase; increase D) decrease; decrease
An analysis of the incidence of a unit tax on suppliers versus a unit tax on demanders shows us that the _____ of a tax may be different from the _____ of a tax
a. actual burden; distribution b. payment; distribution c. amount; incidence d. actual burden; legal assignment
If the payment stream of a bond remains the same and the price of the bond goes down, the
A) effective yield is unchanged. B) effective yield rises. C) effective yield decreases. D) bond is reissued to reflect the higher interest rate. E) bond is reissued to reflect the lower interest rate.
Which of the following topics is not a part of a typical scenario plan?
a. Aging populations. b. Immigration and emigration. c. Informatics. d. Cash flows. e. All the above are a part of a typical scenario plan.